The AUD/USD pair rose slightly during the course of the day on Thursday, breaking above the top of the candle from the Wednesday session. Ultimately, we could rally from here but I think there’s plenty of resistance...
USDCAD has been on a strong rally but seems to be encountering resistance near the 1.3150 minor psychological level, opening the opportunity for a pullback. Applying the Fib tool on the latest swing low and high on...
The USD/JPY pair broke higher during the course of the session here on Wednesday, as we continue to go to the upside. The 105 level above is the longer-term target, and I believe that pullbacks will continue...
The US dollar rose against the Canadian dollar during the day on Wednesday, as the Crude Oil Inventories number came out much more bearish than anticipated. With that being the case, it’s likely that the Canadian dollar...
The British pound had a slightly positive session during the day on Wednesday, as we have bounced just above the 1.30 level. However, I think that this pair will continue to offer selling opportunities going forward. I’m...
The EUR/USD pair initially fell during the course of the session on Wednesday, but turned right back around to form a bit of a hammer. If we can break above the top the hammer, the market should...
The AUD/USD pair initially fell during the course of the day on Wednesday, but turn right back around to form a bit of a hammer. The hammer of course is a very bullish sign so if we...
GBPUSD might be tired from its climb as price seems to be forming a head and shoulders pattern on its 1-hour time frame. The pair has yet to complete the right shoulder if the short-term Fib levels...
GBPUSD remains in downtrend from 1.3278. The rise from 1.3059 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 1.2900 area. Key resistance is at 1.3278, only...
EURUSD continued its downward movement from 1.1366 and the fall extended to as low as 1.1123. Further decline is still possible after a minor consolidation, and next target would be at 1.1000 area. Resistance is at 1.1210,...
