EURAUD previously broke below the neckline of its head and shoulders pattern on the 1-hour time frame to signal a selloff. Price found support around the 1.5340 area and is now pulling back to the broken support...
USDCAD pulled back from 1.2920 after touching 1.2916 (Oct 27 high) resistance. Near term support is at 1.2835, a breakdown below this level will indicate that lengthier sideways movement in the trading range between 1.2623 and 1.2920...
USDJPY broke above 113.00 resistance, indicating that the short term downtrend from 113.75 had completed at 112.03 already. Further rally would likely be seen and next target would be at 113.75 resistance. Near term support is at...
AUDUSD moved sideways in a narrow range between 0.7635 and 0.7694. As long as 0.7635 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7501 and a breakout of 0.7694 resistance could...
GBPUSD continued its sideways movement in a trading range between 1.3301 and 1.3466. As long as 1.3466 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3549, and further decline is till...
EURUSD is facing 1.1862 resistance. A breakout of this level could indicate that the downside movement from 1.1961 had completed at 1.1717 already, then the following upside movement could take price to next resistance level at 1.1961....
Commodities has typically been a market that rails against forex. Whilst both markets drive growth and capital in the countries they’re hosted, they have pull and push effects against each other and the other major markets, with...
The US dollar fell initially during trading on Monday, reaching down towards the 112.40 level. There was enough support there to have things turn around though, and as a result it looks as if the buyers...
The US dollar went back and forth during the trading session on Monday, as the Canadian dollar continues to be somewhat range bound and the 1.2850 level later in the day. The explosive moved to the...
The British pound rallied significantly during the Monday session, breaking above the 1.3333 handle, and then extending to the 1.34 level later in the day. It looks likely that the market is going to continue to...
