The EUR/USD pair had a relatively quiet session on Tuesday as we await the Federal Reserve meeting results at the end of the day today. Because of this, the market may be quiet over the next 24...
The Australian dollar try to rally during the session on Tuesday, but found enough resistance above the turnaround for a bit of a shooting star. I believe that the market will continue to try to rally though,...
USDCAD is now in downtrend from 1.3537, and the fall extended to as low as 1.3211. Near term resistance is at 1.3300, as long as this level holds, the downtrend could be expected continue and next target...
No changed in our view, USDJPY remains in uptrend from 109.11, the fall from 110.81 could be treated as consolidation of the uptrend. Another rise could be expected after the correction and next target would be at...
AUDUSD failed to break above 0.7566 resistance and continued its sideways movement on the 4-hour chart. Near term support is at 0.7500, as long as this level holds, the sideways move could be treated as consolidation of...
GBPUSD formed a sideways movement in a trading range between 1.2634 and 1.2779 on its 4-hour chart. As long as the pair is below 1.2779 resistance, the price action in the range could be treated as consolidation...
EURUSD is facing the resistance of the top trend line of the bearish price channel on its 4-hour chart. As long as the pair is in the channel, the bearish move from 1.1285 could be expected to...
The Fed will soon embark in an uncharted water of Quantitative Tightening (QT). In the aftermath of 2008 global credit crisis, the world central banks went into the biggest experiment in monetary policy called Quantitative Easing (QE)....
Today’s price action confirms that a possible top has been formed at the June 2/2017 high and EURCAD can be on the way lower to close a market gap that formed on April 23/2017. The turn lower...
Firstly, I suspect the bounce is technical or at a minimum immaculate timing of the news to go with the technical view. This large multinational organization & conglomerate’s CEO of the past few years Jeff Immelt just announced...
