AUDUSD failed to settle above the top trend line of the price channel on the 4-hour chart, indicating that the pair remains in the downtrend from 0.7897, the bounce from 0.7532 could be treated as consolidation of...
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3039. As long as the channel support holds, the uptrend could be expected to continue and next target would be...
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1554. As long as the trend line support holds, the fall from 1.1961 could be treated as consolidation of the...
The US dollar fell against the Japanese yen during most of the session on Monday, as we continue the downward pressure. Now that we have cleared the 111.50 level, I believe that the market is going to...
The US dollar initially fell against the Canadian dollar, dropping below the 1.27 handle again, but we found plenty of support below, and shot through the 1.27 level without much trouble afterwards. We are starting to see...
The British pound initially rally during the trading session on Monday, breaking above the significantly resistive 1.3333 handle. As I record this though, we are turning around to form a bit of a shooting star on the...
The EUR/USD pair rallied initially during the trading session on Monday, reaching towards the 1.1950 level above, and then pulled back towards the 1.19 level underneath. I think that the market is starting to struggle a bit,...
The Australian dollar has been very volatile during Monday trading, initially surging higher during the day, but finding enough resistance near the 0.7650 level to roll over and sell off rather significantly. The daily candle looks very...
The EUR/USD continues to advance steadily on Monday. After touching an intraday low of 1.1912 in the Asian session, the pair has advanced 45 pips, rising in the European morning to 9-week highs at 1.1957. The common...
USDCAD is testing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600 area. Below here would aim 1.2433 support. Near term resistance is at...
