The EUR/USD pair initially rallied on Tuesday, but then struggled to hold the gains as we ended up falling yet again. It appears that the market is intent on reaching towards the 1.05 level given enough time,...
The Australian dollar initially tried to rally during the day on Tuesday, but found the 0.74 level above to be far too resistive. Because of this, the market looks as if it is going to turn around...
AUDUSD recently broke below the descending triangle support visible on its 4-hour time frame. Price found support near the .7300 major psychological level then started to pull up. Applying the Fib tool on the latest swing high...
The US dollar continues to grind higher against the Japanese yen as we now find yourselves testing the 111 handle. However, this is an extraordinarily oversold market, so I’m not willing to go long here. I need...
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session. This is a market that has a significant amount of bearish pressure above it...
USDCAD seems to be tired from its climb, as a double top pattern formed on its 1-hour time frame. Price is still testing the neckline at the 1.3400 major psychological level before conrfirming this reversal signal. A...
USDCAD’s downward movement from 1.3588 extended to as low as 1.3386. Further decline could be expected in a couple of days, and next target would be at 1.3250 area.
USDJPY remains in uptrend from 101.18, the fall from 111.36 is likely consolidation of the uptrend. Key support is at 108.50, as long as this level holds, the uptrend could be expected to continue, and next target...
AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Range trading between 0.7310 and 0.7460 is possible in a couple of days. Resistance is located at the top of the...
GBPUSD’s downward movement from 1.2673 had completed at 1.2302 already. Further rise to test 1.2673 resistance is possible in a couple of days, a break of this level will confirm that the uptrend from 1.1946 (Oct 7...
