The Australian dollar initially rally during the trading session on Wednesday, reaching towards the 0.7825 handle. We have fallen since then, and it looks as if we are going to consolidate around the 0.78 handle. I believe...
USDCAD extended its upside movement from 1.2450 to as high as 1.2848. Further rise is still possible after a minor consolidation and next target would be at 1.2900 area. Support is located at the bullish trend line...
USDJPY is in consolidation for the downtrend from 113.75 (Dec 12, 2017 low). Sideways movement in a trading range between 105.54 and 107.90 would likely be seen over the next several days. As long as 107.90 resistance...
AUDUSD extended its downside movement from 0.7988 to as low as 0.7717. Further decline is still possible and next target would be at 0.7600 area. Near term resistance is located at the falling trend line on the...
GBPUSD continued its downside movement from 1.4144 and the fall extended to as low as 1.3742, breaking below 1.3764 major support. Further decline could be expected over the next several days and next target would be at...
EURUSD extended its downside movement from 1.2555 to as low as 1.2183, facing the support level at 1.2165. Further decline would likely be seen and a breakdown below 1.2165 support could take price to 1.2000 area. Near...
USDCAD is forming another major reversal pattern, this time on its daily time frame. Price has yet to test the neckline around the 1.2900 major psychological level and break above it to confirm the potential uptrend. The...
