GBPUSD has been trending higher on its 1-hour chart, moving inside an ascending channel and testing the resistance. If the ceiling holds for now, price could pull back to the channel support before resuming its climb. Applying...
USD/JPY markets fell during the day on Monday, as we continue to see quite a bit of volatility in this pair. I believe that the 102.50 level below is supportive though, so sooner or later the buyers...
The USD/CAD pair broke down during the course of the day on Monday, slamming into the 1.29 handle. By doing so, we ended up testing the support that one would expect there due to the action a...
The British pound initially tried to rally during the day on Monday, but turn right back around to form a shooting star. The shooting star of course is a negative sign, and as a result I believe...
The EUR/USD pair went back and forth during the course of the day on Monday, essentially settling nothing. Perhaps lack of volume was part of the problem as Americans were away for Labor Day. That being the...
The AUD/USD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning. With this, it’s likely to see a lot of volatility...
EURAUD seems to be trading inside a range these days, finding support at the 1.4500 major psychological mark and resistance at 1.4850. Price bounced off the top of the range and seems to have its sights set...
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend from 0.7755. Further decline...
EURUSD is facing 1.1123 support, a breakdown below this level will signal resumption of the downtrend from 1.1366, then the following downward movement could bring price to 1.1000 area. Near term resistance is at 1.1251, only break...
USDCAD broke below the bottom of the price channel on 4-hour chart. However the fall from 1.3147 would possibly be correction of the uptrend from 1.2763. Another rise towards 1.3500 is still possible after correction.
