The EUR/USD continues to advance steadily on Monday. After touching an intraday low of 1.1912 in the Asian session, the pair has advanced 45 pips, rising in the European morning to 9-week highs at 1.1957. The common...
Purchase interest in the European currency is accelerating, raising the EUR/USD to new highs of several weeks above 1.1930. The EUR/USD in levels seen in September The pair’s bullish momentum continues to be supported by rising sales...
AUDUSD is currently trending lower but looks prime for a correction to its descending channel visible on the 4-hour time frame. This is in line with the 200 SMA dynamic inflection point, but price is already testing...
GBPUSD appears to have finally broke out of its consolidation pattern on the 4-hour chart. Price surged past the resistance of its descending triangle, indicating its intention to go for more gains. The chart pattern is approximately...
The US dollar drifted a bit lower during the day on Tuesday, drifting down towards the 112 level. The 112 level has been supportive in the past, and as a result it’s likely that the buyers are...
The US dollar has been extraordinarily volatile against the Canadian dollar during the trading day on Tuesday. Because of this, the market is likely to cause a lot of trouble for traders who can handle the volatility,...
The British pound has been very choppy over the last several sessions, bouncing from the 1.32 level underneath, which offers support. The uptrend line on the hourly chart looks very likely to be supportive as well, and...
The EUR/USD pair has been rather stagnant during the trading session on Tuesday, initially going sideways and then dipping towards the 1.1720 level. I think that the 1.17 level continues to be very supportive, so I am...
The Australian dollar rallied significantly during the trading session on Tuesday, using the RBA announcement as a bit of a catalyst. However, there are several other reasons that the market is going to continue to struggle. The...
USDJPY is trending lower on its short-term time frames, moving inside a descending channel and currently testing resistance. This lines up with the 100 SMA and 50% Fibonacci retracement level, which appears to have held as resistance....
