USDCAD is still trading inside the rising channel on its 1-hour time frame and may be ready to resume the climb if it finds support at the bottom of the channel near the 1.0850 minor psychological level....
GBP/JPY has been moving inside a range for more than a couple of months already and it looks like the pair is gearing up for a test of resistance at the 173.00 major psychological handle. A strong...
USD/CHF has been trading inside a rising channel for nearly a month before the ECB rate decision last week triggered a sharp break lower. Since then price has made a decent correction close to the bottom of...
USD/JPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame. Stochastic bounced from the oversold...
EUR/CAD might be in for a retest of the broken neckline and support at the 1.5000 major psychological level, with the ECB set to ease in today’s rate statement. Stochastic is already pointing down, which means that...
NZD/USD selloff might soon hit a floor, as the pair is approaching the .8400 major psychological support level. This is in line with a former resistance level and the 50% Fibonacci retracement. Stochastic has been indicating oversold...
USD/CAD has been moving sideways for almost a month already, which is not at all surprising for this pair that usually ranges. The pair has found support near the 1.0830 level and resistance at 1.0920, creating a...
EUR/USD is currently finding support at the bottom of the rising channel on the daily time frame while stochastic is indicating deeply oversold conditions. If the support area holds this week, EUR/USD might make its way to...
EUR/USD is currently finding support at the bottom of the rising channel on the daily time frame while stochastic is indicating deeply oversold conditions. If the support area holds this week, EUR/USD might make its way to...
EUR/GBP is currently testing the falling trend line on the 4-hour time frame, suggesting that another sharp drop might take place sooner or later. In terms of economic data, the euro zone is definitely doing worse than...
