The AUD/USD pair went back and forth and very choppy trading on Thursday initially, but then rolled over drastically. This of course is going to coincide with the gold market as per usual, which may have gotten...
USDCAD broke below 1.2700 support and extended its downside movement from 1.2916 to as low as 1.2666, facing the support of the bullish trend line on the daily chart. Near term resistance is at the falling trend...
USDJPY is facing 112.95 support, a breakdown below this level could trigger further downside movement to 112.30 area. On the upside, as long as 112.95 support holds, the price action from 114.45 could be treated as consolidation...
AUDUSD moved sideways without trend in a trading range between 0.7624 and 0.7729. As long as the price is below 0.7729, the sideways movement could be treated as consolidation of the downtrend from 0.7897 and further decline...
GBPUSD moved sideways in a trading range between 1.3027 and 1.3337 for several weeks. As long as 1.3337 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3657,...
EURUSD broke above 1.1625 resistance and extended its bounce from 1.1554 to as high as 1.1654. Further rise to test 1.1690 resistance is possible. As long as this level holds, the price action in the trading range...
The US dollar fell a bit at the open on Wednesday, breaking down to the 113.40 level. We did bounce from there, but we are starting to see resistance at the 24-hour exponential moving average, and more...
The US dollar fell during the trading session on Wednesday, breaking below the 24-exponential moving average on the hourly chart against the Canadian dollar. We are testing the 1.27 level, and I think at this point that...
The British pound fell rather hard during the day on Wednesday, reaching down towards the 1.31 handle. There is a certain amount of support there though, extending down to the 1.30 level after that. I believe that...
The EUR/USD pair did very little during the day on Wednesday, as we continue to bang around the 1.16 level. I think that the 1.17 level above is essentially the “ceiling” in the market, as more than...
