The USD/CAD pair had a slightly positive session on Tuesday, proving the 1.06 level to be supportive. However, the markets were closed on Wednesday, so we can only look at the longer-term picture. Right now, it appears...
The GBP/USD pair had a positive session on Tuesday, and as most brokers were closed on Wednesday, we can only look at the recent action and assume that the choppiness should continue. Because of this, we feel...
The EUR/USD pair fell initially during the session on Tuesday, but bounce enough to form a hammer. Obviously, Christmas closed markets on Wednesday, but it does look like we are ready to continue grinding higher. We still...
The AUD/USD pair did very little during the session on Tuesday, but as you can see continues to hover around the 0.8950 level. This market looks like it wants to consolidate in this general vicinity, after breaking down below...
USDCAD stays within a upward price channel on 4-hour chart, indicating that the price action from 1.0707 is consolidation of the uptrend from 1.0182 (Sep 19 low). As long as the channel support holds, the uptrend could...
USDCHF broke above the upper line of the price channel on 4-hour chart, and is now in uptrend from 0.8832, the fall from 0.9000 is likely consolidation of the uptrend. Further rise could be expected, and the...
USDJPY is in consolidation of the uptrend from 96.94 (Oct 25 low), another fall to the lower line of the price channel on 4-hour chart to complete the consolidation would likely be seen. Resistance is at 104.63,...
AUDUSD’s bounce from 08820 extended to as high as 0.8957. Another rise to test the resistance of the upper line of the price channel on 4-hour chart would likely be seen. As long as the channel resistance...
GBPUSD stays in a trading range between 1.6219 and 1.6481. The price action in the range is likely consolidation of the uptrend from 1.5854. Key support is at 1.6219, as long as this level holds, the uptrend...
EURUSD broke below the lower line of the price channel on 4-hour chart, and is now in downtrend from 1.3810, the rise from 1.3625 is likely consolidation of the downtrend. Initial resistance is at 1.3740, as long...
