USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.2920 is underway. Range trading between 1.2499 and 1.2600 would likely be seen in a couple of days. As...
USDJPY failed to break below 112.03 support, suggesting that lengthier sideways movement in a range between 112.03 and 113.75 is underway. Further rally towards 113.75 resistance would likely be seen in the coming days. Only a breakdown...
AUDUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is in the channel, the uptrend could be expected to continue and next target...
GBPUSD pulled back from 1.3612, facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation of the uptrend from 1.3301...
EURUSD failed in its attempt to break above 1.2092 (Sep 8 high) resistance and pulled back from 1.2081. As long as the price is above the bullish trend line on the 4-hour chart, the pullback could be...
USDJPY has formed lower highs and found support at the 112.00 area, creating what might be a descending triangle pattern. Price is currently testing support and might be due for a bounce back to resistance if it...
The US dollar fell significantly during the trading session on Tuesday, reaching towards the 112 level. This is an area that has been important more than once, and therefore it’s not a huge surprise to see that...
The US dollar fell slightly during the day, but just slightly, as the GBP/USD market has continued to struggle overall. The 1.25 level underneath is a large, round, psychologically significant number, and that of course is an...
The British pound continues to be very volatile, but obviously buyers have come back significantly. I think that the market should go looking towards the 1.3650 level above, which is a major area to pay attention to...
The EUR/USD pair initially tried to rally during the trading session on Tuesday, but we did pull back a little bit. Ultimately, I believe that the buyers will continue to go higher, with the 1.20 level offering...
