EURCAD recently broke below the support around the 1.4350 minor psychological level and reached a low of 1.3800 before pulling back up. Applying the Fib tool on the latest swing high and low shows that the 38.2%...
The USD/JPY pair bounced off the 117 level to continue the uptrend on Tuesday as traders came back from the Christmas holiday. We have broken the downtrend line of a descending triangle, so this shows that there...
The USD/CAD pair rallied on Tuesday as traders came back to work. The 1.35 level now looks to act as supportive, and therefore think short-term pullbacks will be buying opportunities is a market looks to break out...
The USD/GBP pair fell slightly on Tuesday as we came back from Christmas celebrations. The 1.2250 level offered a little bit of support, but I believe that this is at best “soft support”, meaning that any balance...
The EUR/USD pair had a quiet session on Tuesday as traders are just returning from the Christmas holidays. This is a market that should continue to see resistance on the 1.05 level above, an area that was...
The AUD/USD pair did almost nothing on Tuesday as traders came back, so I believe that any time we rally from here sellers will step back into this market and punish the Australian dollar every time he...
USDCAD is still moving inside an ascending channel on its daily time frame but is closing in on the resistance around the 1.3600 major psychological mark. If this area keeps gains in check, price could head back...
USDCAD’s upward movement from 1.3080 extended to as high as 1.3580. Further rise is still possible after a minor consolidation, and next target would be at 1.3700 area. Support is at 1.3471, only break below this level...
USDJPY moved sideways in a narrow range between 116.54 and 118.66. As long as 116.54 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.18, and further rise to...
AUDUSD remains in downtrend from 0.7524, the rise from 0.7159 is likely consolidation of the downtrend. Resistance is at 1.7280, as long as this level holds, the downtrend could be expected to continue, and next target would...
