The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.31 handle. This is an area that begins significant support, extending down to the psychologically important 1.30 handle. There is both horizontal...
The EUR/USD pair has drifted a bit lower during the day on Tuesday, as we continue the overall gentle downtrend. We have recently broken below the bottom of a head and shoulders pattern on the daily chart,...
The Australian dollar continues to fall, as Tuesday was yet another negative session. It looks as if we are heading towards the 0.76 level underneath, which should offer some psychological support. However, if we break down below...
USDCAD continues to trend higher and is moving above an ascending trend line connecting the lows on the 4-hour time frame. Price looks prime for another correction and the 50% level lines up with the trend line...
GBPJPY was previously trending higher inside an ascending channel before breaking below support to signal a reversal. Price bounced off the 148.75 level before showing signs of pulling back to the broken support. Applying the Fibonacci retracement...
EURAUD is trending higher and is moving inside an ascending channel on its 4-hour time frame. Price has just bounced off support and looks ready for a test of resistance at 1.5400-1.5450. The 100 SMA is above...
The US dollar rallied against the Japanese yen after initially chopping around during the session. The jobs number of course missed, and it sold the pair off, but Americans came back and picked it up again. Ultimately,...
The US dollar went sideways initially during the session on Friday, but then broke down rather significantly as the Americans missed the expected jobs number. By doing so, this favored Canada, and we course rolled over. Even...
The British pound rallied a bit during the day on Friday, but I believe that the bearish pressure should continue as the Bank of England raising interest rate was a one-time thing from we can see. Ultimately,...
The EUR/USD pair initially went sideways on Friday, but then turned to rally towards the 1.17 level. That’s an area that should be massively resistive, as it was massively supportive in the past. It was the neckline...
