EURJPY recently broke to the upside of its descending channel visible on its 4-hour time frame. Price rallied close to the 135.00 handle before making a pullback and using the Fib tool shows the nearby support levels....
usdjpy The US dollar rallied significantly during the trading session on Wednesday, breaking above the psychologically important 113 handle. We did see the 113.33 level offer a slight amount of resistance, but I think at this point...
usdcad The US dollar pulled back a bit during the trading session on Wednesday, but seems to be finding support near the 1.2850 level, an area that I think will continue to be important, but I think...
The British pound rallied a bit during the trading session on Wednesday, reaching towards the 1.34 handle. That’s an area that has a bit of resistance attached to it, but in general I think that the...
The EUR/USD pair was quiet during most of the trading session, but as the Americans took over the pair rallied towards the 1.19 handle. This is a market that has very positive signs on the weekly...
The Australian dollar did almost nothing during the day on Wednesday, as the 0.7650 level is likely the “fair value” for the short-term charts. I think that the markets are going to continue to struggle a...
USDCAD once again bounced off the top of its range on the 4-hour time frame and could be due for a move back down to support at 1.2675. Stochastic is heading south to show that sellers are...
The British pound has been very volatile during the trading session on Tuesday, breaking down slightly, but then rallied significantly. However, that was short term thinking, as we rolled over towards the 1.3333 handle underneath. That’s...
The EUR/USD pair continues to be volatile, but bullish looking at the charts for the Tuesday session. I think we are going to continue to see a lot of choppiness going forward, as we are getting...
The Australian dollar had a noisy session on Tuesday, initially going higher, but then rolled over to show signs of weakness. If we can break down below the 0.7625 level, I think that the market could...
