The week begins in slow motion with the holidays in Japan and the USA. EURUSD pair is limited to a narrow range around the level of 1.1730. Despite Friday’s headlines suggesting a possible North Korean rocket test,...
EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the...
USDCAD continues to head north and is trading inside an ascending channel on its 1-hour time frame. This channel has held since the start of September and another test of support is underway. Applying the Fibonacci retracement...
USDCAD’s uptrend from 1.2061 extended to as high as 1.2598. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be...
USDJPY moved sideways in a trading range between 112.21 and 113.43. As long as 112.21 level holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and further rise to 114.00 area cold...
AUDUSD’s bearish movement extended to as low as 0.7732. Key resistance is now at 0.7875, as long as the price is below this level, the downtrend could be expected to continue and next target would be at...
GBPUSD’s bearish movement from 1.3657 extended to as low as 1.3027. Further decline is still possible after a minor consolidation and next target would be at the bullish trend line on the daily chart now at 1.2955....
EURUSD extended its downside movement from 1.2092 to as low as 1.1669, facing an important support level at 1.1662. A breakdown below this level could take price to the resistance-turned-support trend line on the weekly chart, now...
USDCAD’s bounce from 1.2061 extended to as high as 1.2598. Further rise is still possible in a couple of weeks and next target would be at 1.2778 resistance. Above this level would indicate that the downside movement...
USDJPY extended it upside movement from 107.31 to as high as 113.43. Further rise towards 115.50 key resistance is still possible in a couple of weeks. Above this level would confirm that the long term uptrend from...
