The USD/JPY pair initially tried to rally during the day, but found enough resistance near the 112.32 level to turn around and drop significantly. However, by the end of the day we are starting to find support...
The US dollar fell below the 1.26 level after initially tried to rally on Thursday. We found support below, and it now looks as if we are going to continue to “sell the rallies” in general. Because...
The GBP/USD pair fell significantly during the day on Thursday, slicing through the 1.30 level. This is a very negative sign, and we have even tested the 1.30 level for resistive action and have found it on...
The EUR/USD pair shot through the roof during the day on Thursday, as news came out that investigators are expanding their search into Donald Trump’s global companies for collusion with Russia. Quite frankly, this announcement really wasn’t...
The Australian dollar initially fell during the day on Thursday, but turned around to reach towards the 0.7975 level. By doing so, we end up forming a very bullish looking candle, as it appears that we are...
EURAUD is trending lower and moving inside a descending channel connecting the highs and lows of price action since the latter part of May. Price is bouncing off the channel support and could be due for a...
USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend...
USDJPY remains in downtrend from 114.49 and the fall extended to as low as 111.47. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long as the price...
AUDUSD stays above the bullish trend line on its 4-hour chart and remains in the uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the...
GBPUSD’s fall from 1.3125 extended to as low as 1.2932. Deeper decline is still possible and the target would be at the bottom trend line of the price channel on the 4-hour chart. On the upside, as...
