The US dollar continues to chop sideways against the Canadian dollar during the Monday session, but I think that the upward momentum is still there. After all, the crude oil markets look very soft and that will...
The British pound continues to march higher during the Monday session, and as you can see I have a trendline on the hourly chart showing that we have seen buying pressure again and again. I believe that...
The EUR/USD pair has been grinding higher during early Monday trading, breaking above the 1.09 level. While this is a large, round, psychologically significant level, the 1.0950 level above is the real resistance from what I see....
The Australian dollar rallied on Monday, breaking well above the 0.75 level during the day, and crashed into the 0.7540 level. This is an area that could feature some resistance based upon a cluster from April 25,...
USDCAD remains in uptrend from 1.3223, the fall from 1.3696 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in...
USDJPY’s upward movement from 108.13 extended to as high as 111.97. As long as the pair is in the ascending price channel on 4-hour chart, the upward movement could be expected to continue, and next target would...
AUDUSD moved above 0.7540 resistance, indicating that the downward movement from 0.7610 had completed at 0.7439 already. Further rise could be expected in a couple of days and next target would be at the top of the...
GBPUSD is testing that support of the ascending price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.2756 could be expected to continue and further rise to 1.3100 area is possible....
EURUSD is forming a sideways consolidation in a trading range between 1.0820 and 1.0950. As long as the pair is above 1.0820 support, the uptrend from 1.0569 could be expected to resume after the consolidation and next...
As part of President’s Trump campaign pledge, he wants to sharply reduce the tax rate for all businesses from multinational corporations to mom-and-pop shops to 15%. Treasury Secretary Steven T. Mnuchin said this is the biggest tax...
