The US dollar rallied against the Japanese yen after initially falling on Wednesday. The 112.50 level appears to be supportive, but I also recognize that the 115 level is resistive. If we can break above the top...
The US dollar fell again against the Canadian dollar, and it now looks as if we’re going to go looking for the 1.30 level below. That is an area that has a significant amount of support attached...
The British pound took off during the day on Wednesday, as we have cleanly broken above the 1.25 handle. Because of this, the pound should continue to be favored, and I think we will continue to see...
The EUR/USD pair tried to rally during the day on Wednesday, but found quite a bit of resistance above the 1.0750 level. The 100-exponential moving average has acted as resistance, and if we can close with a...
The AUD/USD pair fell on Wednesday, but found enough support at the 0.75 level underneath. We turned around to form a hammer, which of course is a bullish candle. Looking at this market, it looks as if...
EURUSD has been trending higher but slowly consolidating inside a rising wedge formation visible on the 1-hour and 4-hour charts. This signals that a breakout in either direction could take place soon as price is approaching the...
EURGBP recently broke to the upside from an ascending triangle formation and zoomed up to a high of .8850. From there, price showed signs of a correction to the broken triangle resistance at the .8520 area. Applying...
USDJPY is trending lower on its 1-hour time frame, moving inside a descending channel and approaching support at the 111.50-111.75 area. A bounce off this area could take price back up to the channel resistance around the...
The 1.0400 handle seems to be holding as a long-term floor for EURUSD once more, as price bounced off this area and might now be headed back to the top of its range around 1.1500. This range...
The USD/JPY pair tried to rally, but the Friday markets all the 115 level to be a bit resistive. If we can break above the top of the shooting star from Thursday, the market then should go...
