The US dollar initially fell against the Japanese yen on Thursday, but found enough support near the 112.50 level to turn around and bounce. I think that the market will continue to find buyers underneath, so I...
The USD/CAD pair exploded to the upside as the Canadian trade deficit continues to expand. Ultimately, we broke above the 1.25 handle, and for me that’s a very bullish sign. Given enough time, the market should then...
The British pound initially went sideways on Thursday but then broke down rather significantly. We reached down towards the 1.31 handle, and breaking below the 1.32 level for me was a very negative sign. I think that...
The EUR/USD pair initially went sideways on Thursday, but then rallied a bit. However, we found enough resistance near the 1.1780 level to turn around and fall significantly. We are testing the 1.17 level as I write...
The Australian dollar fell precipitously during the session on Thursday, crashing into the 0.78 level. This is an area where we have a bit of a “hard floor”, and having said that it’s likely that the buyers...
NZDUSD could be in for more losses as price formed a head and shoulders pattern on its daily time frame. Price is also testing the neckline around the .7100 major psychological mark and a breakdown could send...
USDCAD broke above 1.2538 resistance and extended its bullish movement from 1.2061 to as high as 1.2584. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected...
USDJPY stays in a rising price channel on its 4-hour chart. As long as the channel support holds, the sideways movement in a trading range between 112.21 and 113.25 could be treated as consolidation of the uptrend...
AUDUSD broke below 0.7785 support and extended its downside movement from 0.8102 to as low as 0.7772. Key resistance is now at 0.7875, as long as this level holds, the bearish movement could be expected to continue...
GBPUSD continued its downside movement from 1.3657 and dropped sharply to as low as 1.3087, breaking below the 1.3153 support. Resistance is at the bearish trend line on the 4-hour chart, followed by 1.3291. As long as...
