EURUSD moved sideways in a trading range between 1.1730 and 1.1879. As long as 1.1730 support holds, the side movement could be treated as consolidation of the uptrend from 1.1669 and one more rise towards 1.2029 resistance...
Yen bears came out in full force after the elections in Japan over the weekend, causing USD/JPY to break past the descending triangle resistance. This chart pattern is approximately a thousand pips tall so the resulting uptrend...
USDCAD’s bounce from 1.2061 extended to as high as 1.2630. Further rise to test 1.2778 resistance is possible next week. Above this level could indicate that the downtrend from 1.3793 had completed at 1.2061 already, then next...
USDJPY is facing the resistance trend line from 115.50 to 114.49 once again. Breakthrough the trend line resistance could trigger further upside movement towards 115.50. Above this level will confirm that the downside movement from 118.66 (Dec...
AUDUSD remains in the downtrend from 0.8124, the bounce from 0.7732 is likely correction of the downtrend. Further rally would likely be seen in the coming days and the target would be at 0.7986. However, the downtrend...
GBPUSD trades above a bullish trend line on the daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 2016 low). As long as the price is above the trend line, the upside movement...
EURUSD failed in its attempt to break below 1.1662 key support, indicating that the pair remains in the uptrend from 1.0340. As long as the price is above 1.1662 level, the price action in the trading range...
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The US dollar rallied against the Japanese yen during the trading session on Friday, as the finalists for the Federal Reserve Chairman all seem to be hawkish. Because of that, it’s likely that the market will continue...
The US dollar initially trying to bounce around the 1.25 handle, but eventually saw a massive amount of bullish pressure to reach towards the 1.26 handle. We did break above there, and that is a very bullish...
