USDJPY is facing 114.95 resistance again. A break of this level will indicate that the pair is in uptrend from 111.68, then the following upward movement could bring price to 117.50 zone. Near term support is at...
After consolidation, USDCAD continued its upward movement from 1.3009 and the rise extended to as high as 1.3500. Further rise is still possible after a minor consolidation and next target would be at 1.3600 area. Key support...
USDJPY seems to be tired from its selloff as it formed a double bottom pattern on its 4-hour chart. Price failed in its last two attempts to break below the 111.50 area and might be due for...
USD/JPY daily chart, March 08, 2017 The US dollar rallied a bit against the Japanese yen during a quiet session on Tuesday, as we continue to grind higher. I believe that the 115 level needs to be...
USD/CAD daily chart, March 08, 2017 USD/CAD fell initially during the day on Tuesday, but found enough support underneath to turn things around and form a hammer. It looks as if we are trying to break out...
GBP/USD daily chart, March 08, 2017 The GBP/USD pair fell on Tuesday, clearing the support that we had seen previously. It now looks as if the British pound will continue to fall, but I think that the...
EUR/USD daily chart, March 08, 2017 The EUR/USD pair rallied a bit during the day on Tuesday, but found enough resistance above the 1.06 level to turn things around and start to drift to the downside again....
AUD/USD daily chart, March 08, 2017 The Australian dollar initially rallied after somewhat hawkish comments coming out of the RBA, but you can see that the market fell significantly. It looks as if the 50-day exponential moving...
USDCAD moved sideways in a narrow range between 1.3372 and 1.3436. As long as 1.3330 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.3009 and further rise to 1.3500 area is...
USDJPY failed to break above the 114.95 resistance and stayed in the trading range between 111.59 and 114.95. Another fall would likely be seen in a couple of days, and the support at 111.59 would be retested.
