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After falling last night to a two-day low at 1.1768, EUR/USD has gained momentum in Thursday’s European pre-opening, rising to the 1.1800 zone, where it has met resistance and has been rejected back towards 1.1770/75. EUR pending...
The US dollar fell rather significantly against the Japanese yen during the trading session on Wednesday, reaching down to the previous downtrend line of the downtrend in channel, an area that I had suspected would be support....
The US dollar initially pulled back during the trading session on Wednesday, reaching towards the 1.27 level, but bouncing from there to show signs of resiliency. We have since broken to the 1.28 level above, which will...
The British pound was very volatile in general during the day on Wednesday, bouncing around the 131.70 level. The market has filled the gap from several sessions ago, and I think now we have a lot of...
The EUR/USD pair rallied a bit during the day on Wednesday, reaching towards the 1.1850 level above. However, we rolled over from there and it looks as if were going to form some type a shooting star...
The Australian dollar fell significantly during the trading session on Wednesday, breaking down to the 0.7575 handle. We bounced from there, but found enough resistance at the previous support level to turn things around and fall significantly....
EURAUD was previously trading inside an ascending channel pattern and has surged past the resistance to signal a steeper climb. Price stalled upon reaching resistance at the 1.5600 mark, so a correction to the broken resistance could...
USDCAD extended its short term uptrend from 1.2666 to as high as 1.2789, facing a resistance level at 1.2819. A breakout of this level could take price to next resistance level at 1.2916, followed by 1.3100. Near...
USDJPY extended its downside movement from 114.73 to as low as 112.47 after breaking below 112.95 support. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...
