The EUR/USD pair had a choppy session, initially gapping lower but found enough support near the 1.1780 level to bounce and break above the 1.18 handle again. Part of the negativity may be due to the populist...
The Australian dollar drifted a slightly lower during the day on Monday, but I believe that there is plenty of support underneath to keep the market afloat. This is especially true close to the 0.78 handle underneath,...
EURUSD is in the process of forming a head and shoulders pattern on its daily time frame as it completes the right shoulder. The neckline is located at 1.1700 and a break below this support could send...
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USDCAD moved sideways in a trading range between 1.2433 and 1.2598. A breakdown below 1.2433 will confirm that the upside movement from 1.2061 had completed at 1.2598 already, then the pair would find next support at 1.2300,...
USDJPY failed to break below 111.47 key support and stayed in the trading range between 111.47 and 113.43. As long as 111.47 support holds, the fall from 113.43 could be treated as consolidation of the uptrend from...
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the fall from 0.7897 could be treated as consolidation...
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3027. As long as the trend line support holds, the fall from 1.3337 could be treated as consolidation of the...
EURUSD is facing 1.1780 support, a breakdown below this level will indicate that the short term uptrend from 1.1669 had completed at 1.1879 already, then the following downtrend could bring price back to test 1.1662 key support....
EURGBP failed in its attempt to break above 0.9045 resistance and pulled back from 0.9032. The subsequent fall extended to as low as 0.8855, breaking below an important support level at 0.8906 on the 4-hour chart, suggesting...
