Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...
The British pound has rallied a bit during the Thursday trading session, reaching towards the 1.39 handle. Given enough time, I believe that the market goes looking towards the 1.40 level, which is the major target above....
The EUR/USD pair rallied a bit during the trading session on Thursday, but it looks as if it is rolling over, making a “lower highs.” That of course is a scenario in which sellers will continue to...
The Australian dollar rallied during the Thursday trading session, reaching towards the 0.80 level. That’s an area that is massive resistance, going back to the 1980s. We have broken above there recently though, but then broke back...
GBPAUD has been trending inside a long-term ascending channel visible on its daily time frame and is testing support at the mid-channel area of interest. This lines up with the 50% Fibonacci retracement level which already seems...
GBPAUD recently fell through the rising trend line on its 4-hour time frame, indicating that a reversal is in order. Price is showing a pullback now, and applying the Fib tool shows that the 61.8% retracement level...
The US dollar has gone back and forth during the trading session on Tuesday, as Americans came back to work. I believe that the market is going to deal with the 111-level next, and that’s an area...
The US dollar went back and forth during the trading session on Tuesday, as we have seen the market use the 1.24 level as support. If we can break above the 1.2460 level, then I think the...
The British pound drifted a bit lower at the open on Tuesday, reaching down towards the 1.3750 level, an area that was resistance in the past. Because of this, I anticipate that the market will probably find...
The EUR/USD pair has drifted a bit lower during the trading session on Tuesday, reaching down towards the 1.22 handle. Ultimately, I think that the market should continue to go higher based upon the 1.21 level breaking,...
