USDCAD moved above the bearish trend line on its daily chart, indicating that correction for the downtrend from 1.3793 is underway. Range trading between 1.2413 and 1.2900 would likely be seen over the next several weeks. Support...
USDJPY is facing 108.13 support once again. A breakdown below this level will indicate that the downtrend from 118.66 has resumed, then the following bearish movement could bring price to 105.00 area. On the upside, as long...
AUDUSD’s pullback from 0.8065 extended to as low as 0.7838, facing the support of the bullish trend line on its daily chart. As long as the price is above the trend line, the pullback could be treated...
GBPUSD remains in the uptrend from 1.1987, the pullback from 1.3267 is likely consolidation of the uptrend. Near term support is at the rising trend line on the daily chart. As long as the price is above...
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of...
The US dollar did bounce around during most of the day on Friday as the 109 level seems to be attracting a lot of attention. This has been a very volatile currency pair, mainly due to the...
The US dollar fell against the Canadian dollar on Friday, slicing through the 1.27 level again. The market is taking a bit of a break after several attempts to the upside, and I think that a pullback...
The British pound went back and forth during the day on Friday, initially trying to break above the 1.30 level, but then found enough resistance to turn around yet again. Ultimately, I think that the market should...
The EUR/USD pair initially dipped lower during the day on Friday, but then shot higher impulsively during the American session. It looks as if the market is trying to find its footing, and eventually should go looking...
The Australian dollar has been very volatile during the Friday session, initially dipping to a fresh, new low, and then exploding to the upside. I think this market is trying to find some type of a longer-term...
