USDCAD was previously trading inside a rectangle pattern, which turned out to be a triple top reversal formation when price broke to the downside. The chart pattern is approximately 250 pips tall, so the resulting selloff could...
USDCAD extended its downside movement from 1.2920 to as low as 1.2630, facing 1.2623 support. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the...
USDJPY failed to break above 113.75 resistance and pulled back from 113.63, suggesting that lengthier sideways movement in a range between 112.03 and 113.75 is underway. Deeper decline to 112.40 area would likely be seen in the...
AUDUSD extended its upside movement from 0.7501 to as high as 0.7783. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...
GBPUSD continued its sideways movement in a range between 1.3301 and 1.3466. As long as the price is below 1.3466 resistance, the price action in the range could be treated as consolidation of the downtrend from 1.3549,...
EURUSD broke above 1.1901 resistance, indicating that the short term uptrend from 1.1717 has resumed. Near term support is at the rising trend line on the 4-hour chart. As long as the trend line support holds, further...
GBPUSD has formed lower highs and higher lows recently, creating a symmetrical triangle pattern on its 1-hour time frame. Price is approaching the peak of the formation so a breakout could take place soon. The chart pattern...
The US dollar has drifted a bit lower against the Japanese yen during the trading session on Tuesday, reaching down towards the 113.25 region. However, this is a market that will have a significant lack of...
The US dollar has fallen against the Canadian dollar over the last several sessions, and we are now at lower levels than we had been in the past. However, I think that breaking below the 1.27...
The British pound should continue to find buyers underneath, and although the market has been very quiet, most of this can be written off due to the time of year, and of course I believe that...
