EURUSD rebounded from 1.1809 after touching the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.1554. Another rise could be expected after consolidation and a breakout of 1.1961 resistance...
The US dollar has been very volatile against the Japanese yen during Thursday trading, but as you can see we have rallied, pulled back, formed an hourly hammer, and then rallied again. I think that if we...
The US dollar rallied significantly during the day, and then pulled back to test the lows of the session again, and then rallied again on Thursday to break above the 1.29 handle. If we can continue the...
The British pound initially rally during the day on Thursday, but then pulled back a little bit to find buyers again at the 1.3435 level. The market has since broken above the 1.35 level, only to find...
The EUR/USD pair has been very noisy during the trading session on Thursday, pulling back slightly towards the 1.1825 handle, and then shooting to the upside. It now looks likely that we are going to continue to...
The Australian dollar was very choppy during the Thursday session, reaching towards the 0.76 level a couple of times, but failing and rolling over. I currently believe that we are trying to build up enough momentum to...
USDCAD recently broke out of a long-term descending triangle pattern to signal that an uptrend is underway. Price hit resistance around the 1.2900 mark and is starting a correction to the broken triangle resistance. Applying the Fib...
EURGBP has been on the decline but could be due for a bounce once it tests the range support near the .8750 minor psychological level. Stochastic is on the move down to show that selling pressure is...
USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then...
USDJPY broke above 111.69 resistance, indicating that the downtrend from 114.73 had completed at 110.84 already. Further rally would likely be seen, and next target would be at 112.71. Support is now at 111.69, only a breakdown...
