EUR/USD has recently experienced a significant development as it broke above the resistance of a falling price channel on the 4-hour chart. This breakout suggests that the previous downtrend from 1.1065 to 1.0765 has likely completed. As...
USD/CAD is currently showing a strong uptrend on the 4-hour chart, with the pair remaining above a rising trend line. This uptrend dates back to the 1.3092 level. As long as the trend line support holds, it...
USD/JPY has made a breakout above the resistance level at 146.55. This breakout indicates a resumption of the upward movement from 138.05. As a result, it is plausible to expect further upside potential in the coming days,...
AUDUSD is currently experiencing a sideways consolidation within a trading range bounded by 0.6363 and 0.6487. As long as the resistance level at 0.6487 remains intact, the lateral price movement can be interpreted as a consolidation phase...
GBPUSD continues to exhibit a downtrend originating from 1.3141. The pair remains bearish, and the downward move is anticipated to persist as long as the resistance level at 1.2817 remains intact. The next target for GBPUSD lies...
EURUSD continues to adhere to a descending price channel on its 4-hour chart, indicating the pair’s persistent engagement in the downtrend that originated from 1.1065. The prevailing situation revolves around the channel resistance, which plays a pivotal...
USDCAD has achieved a notable breakthrough, surpassing the significant resistance at 1.3603 and extending its upward trajectory from 1.3092 to reach as high as 1.3639. As long as the key support level at 1.3495 remains intact, we...
USDJPY has made a significant breakthrough by surmounting the 146.55 resistance, signifying a resumption of the upward movement that began at 138.05. In the days ahead, we can anticipate further upward momentum, with the next significant target...
AUDUSD currently finds itself in a phase of sideways consolidation, operating within the confines of a trading range established between 0.6363 and 0.6487. The critical factor to monitor in this situation is the resistance at 0.6487. As...
GBPUSD recently emerged from a period of sideways consolidation, confined within the 1.2615 to 1.2817 trading range. However, the currency pair has since ventured below the critical 1.2615 support, extending its descent from the 1.3141 peak to...
