The USD/CAD pair initially tried to fall during the day on Thursday, but found enough support to turn around and go looking towards the 1.33 handle. A break above there will be a very bullish sign, suggesting...
The GBP/USD pair initially fell on Thursday, but popped back above the 1.2750 level. By doing so, it shows that the market is trying to rally, that of course is a good sign for the British pound...
The EUR/USD pair initially tried to rally at the open on Thursday, but then broke down significantly, slicing below the 1.12 handle during the day. As I record this, the market looks as if it is trying...
The Australian dollar initially tried to rally during the day on Thursday, but found resistance at the 0.7640 level. We pulled back from there, and then reached for support below where we did start to see that....
GBPNZD is trending lower but has just pulled up to the channel resistance around the 1.7750 minor psychological mark. If this area keeps gains in check, the pair could head back down to support at the 1.7200...
USDCAD broke above 1.3300 resistance, indicating that consolidation of the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3350 would likely be seen over the next several days. As long as 1.3350 resistance holds, the...
USDJPY broke above the descending trend line on its 4-hour chart, indicating that the bearish movement from 114.36 had completed at 108.81 already. Further rally could be expected over the next several days, and next target would...
AUDUSD remains in uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as the pair is above this level, the uptrend could be expected to continue,...
GBPUSD remains in the downtrend from 1.3047, the bounce from 1.2634 could be treated as consolidation of the downtrend. Range trading between 1.2634 and 1.2850 would likely be seen in a couple of days. As long as...
EURUSD is forming sideways movement in a trading range between 1.1109 and 1.1295. As long as 1.1109 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another...
