The British pound initially rally during the day on Thursday, continuing the bullish pressure that we had seen on Wednesday. We went sideways for a while, but as the Americans came online, this pair rolled over again,...
The EUR/USD pair continue to rally a bit during the day on Thursday, but gave back a significant amount of the gains that we had on Wednesday. In fact, we are below the 1.17 level as I...
The Australian dollar initially spiked higher during the day on Thursday, but found enough resistance at the 0.8050 level to turn around and fall below the 0.80 level. I think that we are now testing support at...
AUDNZD recently broke past the resistance at the 1.0550 minor psychological level then zoomed up to the 1.0800 levels before pulling back. Applying the Fib tool on the latest swing low and high on the 4-hour time...
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USDCAD broke below the important support at 1.2460 (May 2016 low), confirming that the long term downtrend from 1.4689 (Jan 20, 2016 high) has resumed. Further decline could be expected after correction and the long term target...
USDJPY failed to break above 112.41 resistance and pulled back to 110.80 area, facing the 110.62 support. As long as 110.62 support holds, the fall could be treated as correction of the uptrend from 110.62 and another...
After a sideways consolidation, AUDUSD broke above 0.7989 resistance and continued its bullish movement from 0.7571, and the rise extended to as high as 0.8065. Further rise could be expected and next target would be at 0.8150...
After consolidation, GBPUSD continued its upside movement from 1.2589 and reached as high as 1.3156. Further rise is still possible and next target would be at 1.3200 area. Support is now at the rising trend line on...
EURUSD’s bullish movement extended to as high as 1.1776. Near term support is at the rising trend line on the 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue...
