GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. The recent rally has allowed price to test the channel resistance once more, possibly bringing it back down to the lows at the...
The US dollar went back and forth during the course of the session on Wednesday against the Japanese in. We are overextended at this point, so I believe that a pullback from here is more than likely...
The US dollar initially rallied against the Canadian dollar returned around for a bit of a shooting star. This is a market that continues to grind higher overall though, so I’m waiting to see whether or not...
The British pound did almost nothing during the day on Wednesday against the US dollar, as we continue to drift in this general vicinity. I believe that this is a market that continues to grind sideways, and...
The EUR/USD pair initially rallied on Wednesday but turned around to fall significantly, as we continue to drift down to the 1.05 level underneath. That is an area that has been massively supportive in the past, so...
The AUD/USD pair fell during the day on Wednesday, breaking through the 0.75 handle. I think that the support extends all the way down to the 0.7450 level though, so having said that it’s likely that the...
A few days back, EURJPY broke out of its range visible on the 4-hour time frame and reached a high of 117.50. From there, price showed signs of a retracement and applying the Fib tool on the...
USDCAD recently broke past the 1.3500 major psychological resistance and climbed close to the 1.3600 mark before pulling back. Applying the Fib tool on the latest swing low and high shows that the 50% level lines up...
The USD/JPY pair broke down during the day on Monday, clearing the 107.50 level. This is an area that has caused quite a bit of resistance in the past so the fact that we broke above there...
The USD/CAD pair continues to grind higher as oil markets falter. Now that we are above the 1.35 level, the market will then more than likely reach towards the 1.40 handle, perhaps even higher than that. Short-term...
