The Australian dollar initially dipped during the day on Thursday, but found enough support to turn around Anna rally significantly, mainly upon the idea that tax reform may not get done in the United States. As...
EURUSD is trending lower and moving inside a descending channel on its 1-hour time frame. Price is testing resistance after a sharp rally, so either a bounce or break could be due. The 100 SMA is below...
GBPAUD continues to trend higher, moving above an ascending trend line connecting the lows since early September. Price looks ready for another trend line test soon and this support area lines up with a former resistance around...
The US dollar has gone sideways in general, but Saul buyers jump into the marketplace after the CPI figures came out higher than anticipated in the United States. This suggests that the Federal Reserve will be...
usdcad The US dollar initially fell during the trading session on Tuesday, reaching down towards the 1.28 level underneath, where we have seen buyers. A breakout above the 1.2875 level has happened late in the trading session,...
The British pound was choppy and volatile during the trading session on Tuesday, and tested the 1.3333 handle more than once. I think that we will continue to consolidate, but if we do break down from...
The EUR/USD pair has been slightly negative during the trading session on Tuesday, but quite frankly with the Federal Reserve releasing an interest rate announcement, and more importantly a statement later today, it’s likely that this...
The Australian dollar has rallied initially during the trading session on Tuesday, but has a negative look to it later in the day as the CPI figures came out stronger than anticipated, and a favorite of...
GBPJPY has formed higher highs and higher lows, creating a rising wedge pattern visible on its daily time frame. Price is approaching the peak of the chart pattern, so a breakout could take place sooner or later....
The US dollar drifted a little bit lower during the trading session on Monday, but continues to find support just below. I think that the 113 level is going to be supportive, so it’s not until...
