The US dollar fell significantly at the open on Monday, as the Russian and Saudi officials suggested that an extension of the OPEC production cuts was needed. That of course is a very bullish sign for the...
The British pound rose initially during the day on Monday, but found the area near 1.2940 to be a bit too resistive, and then fell back to the 1.29 handle. As I write this, we are currently...
The EUR/USD pair had an explosive moved at the open on Monday, reaching towards the 1.0990 level. However, the 1.10 level above continues to offer significant resistance, and the fact that we a forming a shooting star...
The Australian dollar has rallied during the session on Monday, breaking above the 0.74 level. We found a bit of resistance at the 0.7450 level, and then dropped. However, I think that the 0.7425 level offering resistance...
USDCAD broke below 1.3641 support, indicating that the uptrend from 1.3223 had completed at 1.3793 already. Further decline could be expected in a couple of days, and next target would be at 1.3500 area. Resistance is at...
USDJPY failed to break below the support line of the price channel on 4-hour chart, indicating that the pair remains in uptrend from 108.13. As long as the pair is in the channel, further rise could be...
AUDUSD broke above 0.7426 resistance, indicating that the downward movement from 0.7610 had completed at 0.7328 already. Further rally could be expected in a couple of days, and next target would be at the downward trend line...
GBPUSD failed to break below 1.2831 support and moved sideways in a trading range between 1.2831 and 1.2988. As long as 1.2831 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2365,...
EURUSD is facing 1.1021 resistance. A break of this level will indicate that the uptrend from 1.0569 has resumed, then next target would be at 1.1100 area. On the downside, as long as 1.1021 resistance holds, the...
NZDUSD has been gaining ground recently but could be due to resume its drop as it approaches the channel resistance. Price has been trading inside a shallow descending channel with the top around the .6930 level. If...
