The USD/CAD pair did very little on Friday as most markets are finding little in the way of volume. The market breaking above the 1.3350 level should send this market to the upside, and if oil markets...
The GBP/USD pair rallied on Friday, but it is facing a bit of resistance above. If we can break above the 1.27 level above, the market will more than likely move to the upside on the longer-term...
The EUR/USD pair tried to rally on Friday but turned around to show more signs of lackluster performance. If we can break below the 1.06 level, the market will then more than likely reach towards the 1.05...
The AUD/USD pair rallied on Friday as we continue to see a bit of a bounce due to gold and of course geopolitical risks. Adding fuel to the fire was President Trump suggesting that the US dollar...
The Forex market is a platform for the exchange of currencies from all over the world. Multinational corporations, product manufacturers, big banks use it to convert money from one currency to another. In theory, anyone can participate...
USDCAD remains in uptrend from 1.2968, the fall from 1.3534 is likely consolidation of the uptrend. Further rise is still possible after the consolidation, and next target would be at 1.3800 area. Support is at 1.3200, only...
USDJPY continued its downward movement from 115.50 and the fall extended to as low as 108.54. Near term resistance is at 110.00, as long as the pair is below this level, the downtrend could be expected to...
After touching 0.7490 support, AUDUSD rebounded to 0.7595, suggesting that the pair remains in uptrend from 0.7158, and the price action from 0.7740 could be treated as consolidation of the uptrend. Another rise to test 0.7778 resistance...
GBPUSD is forming a triangle pattern on daily chart. Resistance is at the upper trend line of the pattern, as long as this trend line resistance holds, sideways movement could be expected to continue and next target...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. As long as the pair is in the descending price channel on daily chart, the downtrend...
