EURJPY is trending lower after recently breaking below its consolidation pattern with support at 121.00-121.50. Price is now moving inside a descending channel and testing support, possibly setting the stage for a pullback to the resistance. Applying...
The USD/JPY pair broke higher during the Tuesday session, reaching towards the 112.50 level. If we can close above there, that would be a very bullish sign and should send this market looking for the 115 handle...
The USD/CAD pair rallied during the day on Tuesday, breaking above the 1.31 handle again. In fact, we reached all the way to the 1.32 handle, and with the Crude Oil Inventories number coming out during the...
The British pound fell rather hard during the day on Tuesday against the US dollar, as the 1.25 level offered too much resistance. However, I do see that there is another support level down at the 1.2250...
The EUR/USD pair broke down on Tuesday, as the 1.0750 level offered quite a bit of resistance. The market formed a very negative looking candle, and we are now testing the bottom of the 50-day exponential moving...
The Australian dollar fell a bit during the session on Tuesday, testing the 0.76 level underneath. We found a bit of support there, and the market bounced enough to show signs of volatility. I believe longer-term the...
USDCAD has formed lower highs and lower lows recently, creating a falling wedge chart pattern visible on the 4-hour chart. Price is currently testing the wedge resistance and may be due for a move back to support....
The USD/JPY pair went back and forth on Monday, just below the 112.50 level. The 112 level continues to offer support, and I believe that the support extends all the way down to the 111.50 level. Because...
The US dollar rallied against the Canadian dollar during the session on Monday, slicing through the 1.31 handle. Because of this move, I believe that the US dollar will continue to pick up against the Canadian dollar...
The British pound fell a bit during the day on Monday, as we find yourselves testing the 1.24 level. That’s an area that I think is the bottom of significant support, so if we can break above...
