The Australian dollar did almost nothing during the day on Wednesday, as the 0.7650 level is likely the “fair value” for the short-term charts. I think that the markets are going to continue to struggle a...
USDCAD once again bounced off the top of its range on the 4-hour time frame and could be due for a move back down to support at 1.2675. Stochastic is heading south to show that sellers are...
USDCAD broke below 1.2835 support, indicating that the short term uptrend from 1.2623 had completed at 1.2920 already. Deeper decline towards 1.2713 support could be expected in the coming days. A breakdown below this level could trigger...
USDJPY is now facing 113.75 resistance. A breakout of this level could trigger further upside movement towards 114.73. Support level are at 112.75 and 112.03, only break below these levels could take price back towards 110.84.
AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694. The sideways movement is likely consolidation of the uptrend from 0.7501 and a breakout of 0.7694 could take price to 0.7800 area. On the...
GBPUSD stays in a trading range between 1.3301 and 1.3466. The price action in the range is likely consolidation of the downtrend from 1.3549 and another fall could be expected after the consolidation. Near term support is...
EURUSD broke above 1.1862 resistance, indicating that the downside movement from 1.1961 had completed at 1.1717 already. Further rise could be expected and next target would be at 1.1961 resistance. A breakout of this level would aim...
The British pound has been very volatile during the trading session on Tuesday, breaking down slightly, but then rallied significantly. However, that was short term thinking, as we rolled over towards the 1.3333 handle underneath. That’s...
The EUR/USD pair continues to be volatile, but bullish looking at the charts for the Tuesday session. I think we are going to continue to see a lot of choppiness going forward, as we are getting...
The Australian dollar had a noisy session on Tuesday, initially going higher, but then rolled over to show signs of weakness. If we can break down below the 0.7625 level, I think that the market could...
