The US dollar continues to chop sideways against the Canadian dollar during the Monday session, but I think that the upward momentum is still there. After all, the crude oil markets look very soft and that will...
The British pound continues to march higher during the Monday session, and as you can see I have a trendline on the hourly chart showing that we have seen buying pressure again and again. I believe that...
The EUR/USD pair has been grinding higher during early Monday trading, breaking above the 1.09 level. While this is a large, round, psychologically significant level, the 1.0950 level above is the real resistance from what I see....
The Australian dollar rallied on Monday, breaking well above the 0.75 level during the day, and crashed into the 0.7540 level. This is an area that could feature some resistance based upon a cluster from April 25,...
As part of President’s Trump campaign pledge, he wants to sharply reduce the tax rate for all businesses from multinational corporations to mom-and-pop shops to 15%. Treasury Secretary Steven T. Mnuchin said this is the biggest tax...
EURAUD has been trending higher recently but profit-taking could happen as the pair is testing the top of its ascending channel on the 4-hour chart. If so, the pair could head back to the channel support at...
The USD/JPY pair rallied on Friday, but found a bit of resistance at the 50-day exponential moving average. Nonetheless, it looks as if we are trying to build up enough momentum to break above the 112 handle,...
The USD/CAD pair initially rally during the day on Friday, but found enough resistance at the 1.37 level to turn around and form a resistive looking candle. I believe that a market dropping from here will probably...
The GBP/USD pair initially fell on Friday but turned around and continue to show bullish pressure. This market has clearly broken out, and I believe that we will continue to go much higher. The 1.3450 level above...
The EUR/USD pair rallied initially on Friday, breaking above the 1.09 handle. We continue the consolidation that we have seen all week, and it now looks as if we are starting to roll over slightly. If we...
