The EUR/USD pair has initially tried to rally during the day on Monday but rolled over at the 1.2350 region to reach towards the 1.23 handle. I think that the market is trying to build up enough...
The Australian dollar has fallen a bit during the beginning of the week, as Monday was a bit pro-US dollar. I think that the Australian dollar will continue to be noisy, but it also looks as if...
EURJPY is trending lower inside a descending channel pattern and is about to test the resistance. This lines up with the 200 SMA dynamic inflection point, which adds to its strength as resistance. The 100 SMA is...
USDCAD pulled back from 1.2757 after breaking above 1.2688 resistance, suggesting that lengthier consolidation for the uptrend from 1.2247 is needed. Deeper decline would likely be seen in a couple of days and the target would be...
USDJPY failed to breakout of the top trend line of the price channel on the 4-hour chart, suggesting that the pair remains in the downtrend from 113.75 (Dec 12, 2017 low). As long as the channel resistance...
AUDUSD is facing 0.7880 resistance. As long as this level holds, the bounce from 0.7790 could be treated as consolidation for the downtrend from 0.7988, and another fall to test 0.7759 support is still possible after the...
GBPUSD is facing 1.4025 resistance. A breakout of this level would indicate that the short term downtrend from 1.4144 had completed at 1.3856 already, then further rise towards 1.4144 resistance could be seen. On the downside, as...
EURUSD moved sideways in a narrow range between 1.2259 and 1.2360. As long as 1.2360 resistance holds, the sideways move could be treated as consolidation for the downtrend from 1.2555 and another fall to test 1.2165 support...
USDCAD recently broke out of an inverse head and shoulders pattern on its 4-hour time frame and looks ready for an uptrend. Price could still pull back to a new rising trend line forming before gaining bullish...
USDCAD extended its upside movement from 1.2248 to as high as 1.2757. Further rally is still possible next week and a break of 1.2757 resistance could take price to test 1.2920 resistance. Support level is at 1.2450....
