USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance. A break of this level will signal resumption of the uptrend from 1.2413, then next target would be at 1.2800 area. On the downside,...
USDJPY moved above the bearish trend line on its 4-hour chart, suggesting that the downside movement from 114.49 had completed at 108.73 already. Further rally would likely be seen after a correction pullback and next target would...
AUDUSD formed a sideways consolidation in a range between 0.7838 and 0.7918. As long as 0.7918 resistance holds, the downside movement from 0.8065 could be expected to continue and next target would be at the bullish trend...
GBPUSD moved sideways in a narrow range between 1.2939 and 1.3030. As long as 1.3030 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3267, and further decline towards the bullish support...
EURUSD moved sideways in a trading range between 1.1689 and 1.1909. Support is at 1.1689, a breakdown below this level could bring price to the bottom support trend line of the price channel on its daily chart....
The US dollar fell against the Japanese yen after initially surging much higher during the day on Monday. We are testing an uptrend line that had been broken, so if we can break above the 110 handle,...
The US dollar rallied against the Canadian dollar initially during the day on Monday, but found the area above the 1.27 level to be a bit too resistive. We formed a shooting star for the week from...
The British pound continues to grind back and forth against the US dollar as the Monday session was no different than the last few before it. Currently, looks as if the market is content to simply go...
The EUR/USD pair fell during the session on Monday, testing the 1.1750 level underneath. That’s an area that was resistive in the past, and as I write this, we are starting to see buyers enter the market...
The Australian dollar initially tried to rally on Monday, but then roll over. However, we have a significant amount of support below at the 0.7850 level, which is an area that we see in a significant bounce...
