USDCAD moved below 1.2666 support. Further decline would likely be seen and next target would be at 1.2600 area. Below this level would aim 1.2433 support. Near term resistance is at 1.2750, only break above this level...
USDJPY extended its upside movement from 110.84 to as high as 113.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target...
AUDUSD broke above 0.7644 resistance, indicating that the downside movement from 0.7897 had completed at 0.7532 already. Further rally could be expected and next target would be at 0.7729. Support levels are at 0.7575 and 0.7532, only...
The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue...
EURUSD moved sideways in a range between 1.1809 and 1.1961. As long as 1.1809 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1554 and another rise towards 1.2092 (Sep 8 high)...
By gapping initially on the Monday session, this signified what I had been suspecting all along: that the US dollar is moving mainly upon tax reform expectations, and nowhere with this be more important than the...
The US dollar fell slightly against the Canadian dollar during the Monday session, but as we are in an area that has been supportive in the past, one has to think whether we are starting to...
The GBP/USD pair initially gapped lower at the open on Monday, and then bounced enough to slam into the 1.35 handle. We pulled back from there to test the 1.3425 level underneath, and then exploded to...
As we opened the trading session on Monday, we obviously gapped lower in favor the US dollar during Asian trading, perhaps in reaction to the tax bill making significant gains through the US Senate. Ultimately, the...
The Australian dollar gap lower at the open on Monday, signaling that traders were starting to become a bit more excited about tax reform in the United States, but since then we have bounced to fill...
