NZD/USD suffered a sharp selloff last week when RBNZ head Graeme Wheeler admitted intervening in the forex market. This was followed by the Fed’s release of their plans to exit monetary policy easing by gradually reducing their...
The USD/JPY pair fell during the session on Monday, but as you can see bounced enough to form a hammer. This hammer suggests that the 101.50 level is offering enough support that the market could continue higher...
The USD/CAD pair fell during most of the session on Monday, but as you can see bounced enough to form a hammer that is focused on the 1.01 level. This being the case, it does appear that...
The GBP/USD pair initially rose during the session on Monday, but as you can see fell later in the day to form a negative candle. This negative candle is sitting just above the 1.5250 level, an area...
The EUR/USD pair went back and forth during the session on Monday, continuing to confound traders around the world. This is a pair that simply cannot decide which direction wants to go, but it is easy to...
The AUD/USD pair initially tried to rally during the session on Monday, but as you can see the parity level offered enough resistance to send the market lower. We now find this market at roughly 0.9950, and...
GBP/USD had a strong selloff towards the end of the previous week when the U.S. Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support...
USDCAD remains in downtrend from 1.0293, the rise from 1.0013 is likely consolidation of the downtrend. Resistance is at 1.0200, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
USDCHF breaks above 0.9567 resistance, suggesting that the uptrend from 0.9021 has resumed. Further rise is still possible next week, and the target would be at 0.9750 area. Support is at 0.9480, only break below this level...
After a sideways consolidation, USDJPY broke above 99.94 resistance and reaches as high as 101.98, suggesting that the uptrend from 77.14 has resumed. Further rise is still possible next week, and next target would be at 105.00...
