EURJPY appears to have found support at the 200 simple moving average, which is close to the 61.8% Fibonacci retracement level on the 4-hour time frame. Weak euro zone inflation data sparked a round of euro selling...
USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement. Price appears to have pulled back to the 38.2% Fibonacci retracement level on the...
EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until...
EURUSD has been trending lower and has recently made another strong break below support at the 1.2800 major psychological level. Price dipped to the 1.2700 mark before making a quick bounce and starting a potential retracement. Using...
USDCAD is moving inside a rising channel on its 1-hour time frame, indicating that the uptrend is getting stronger. However, price has just encountered resistance at the top of the channel and may be due south. ...
NZDUSD might be due for a strong bounce, as the pair is testing the bottom of the ascending trend channel on its daily time frame. Trade balance from New Zealand came in better than expected as it...
USDCAD appears to be forming a rising trend channel on its 1-hour forex chart, as the pair recently made higher lows and higher highs. Price just bounced from the 1.0950 minor psychological level, which lines up with...
GBPJPY has been on a steady uptrend and may be due to resume its climb, as a bullish divergence has formed on its 1-hour time frame. Stochastic made lower lows while price made higher lows, with the...
USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near...
An uptrend appears to be forming on GBPNZD, as a rising trend line can be drawn to connect the recent lows on the 1-hour time frame. However, stochastic has just reached the overbought area and is heading...
