The British pound did almost nothing during the day on Wednesday against the US dollar, as we continue to drift in this general vicinity. I believe that this is a market that continues to grind sideways, and...
The EUR/USD pair initially rallied on Wednesday but turned around to fall significantly, as we continue to drift down to the 1.05 level underneath. That is an area that has been massively supportive in the past, so...
The AUD/USD pair fell during the day on Wednesday, breaking through the 0.75 handle. I think that the support extends all the way down to the 0.7450 level though, so having said that it’s likely that the...
A few days back, EURJPY broke out of its range visible on the 4-hour time frame and reached a high of 117.50. From there, price showed signs of a retracement and applying the Fib tool on the...
USDJPY remains in uptrend from 101.18, the fall from 109.75 is likely consolidation of the uptrend. Range trading between 107.00 and 109.75 would likely be seen in a couple of days. Support is at 107.00, as long...
AUDUSD continued its downward movement from 0.7778 and the fall extended to as low as 0.7460. Further decline is still possible after a minor consolidation, and next target would be at 0.7300 area. Resistance levels are at...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0666. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0820 and 1.0900, as long...
USDCAD recently broke past the 1.3500 major psychological resistance and climbed close to the 1.3600 mark before pulling back. Applying the Fib tool on the latest swing low and high shows that the 50% level lines up...
USDCAD’s upward movement from 1.3264 had completed at 1.3588 already. Further decline could be expected in a couple of days, and the target would be at 1.3250 area. Resistance level is at 1.3500, only break above this...
USDJPY continued its upward movement from 101.18, and the rise extended to as high as 109.33. Further rise is is still possible after a minor consolidation, and next target would be at 110.00 area. Support levels are...
