GBPJPY has formed higher highs and higher lows, creating a rising wedge pattern visible on its daily time frame. Price is approaching the peak of the chart pattern, so a breakout could take place sooner or later....
The US dollar drifted a little bit lower during the trading session on Monday, but continues to find support just below. I think that the 113 level is going to be supportive, so it’s not until...
The US dollar continues to go sideways against the Canadian dollar, after rallying so hard during the previous week. The market will more than likely continue to tread water over the next couple of sessions, as...
The British pound has fallen a bit during the trading session on Monday, reaching to lower levels. However, the 1.3333 level underneath continues to be important, an area that has been previously resistive, but also supportive...
The EUR/USD pair rallied a bit during the trading session on Monday, but it looks likely that we are going to struggle a bit to get to the upside. If we can break above the 1.1825...
With the Australian dollar rallied a bit during the day on Monday, we reached towards the 0.7550 region. We are starting to roll over a little bit as I record this, and we are most certainly...
USDCAD is still trading sideways, finding resistance at 1.2900 and bouncing off support at 1.2675 on the latest test. Price is now nearing the top of the range once more and technical indicators are signaling the resistance...
USDCAD continued its upside movement from 1.2623 and the rise extended to as high as 1.2879. Further rise to test 1.2916 resistance is possible in the coming days. A breakout of this level could signal resumption of...
USDJPY extended its upside movement from 110.84 to as high as 113.63. As long as the pair is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and further...
AUDUSD remains in the downtrend from 0.7653. Further decline would likely be seen after a minor consolidation and next target would be at 0.7475 area. A breakdown below this level could trigger further downside movement towards 0.7328...
