USDCAD Broke Below 1.2460 Support
USDCAD recently broke below an important support level at the May 2016 low of 1.2460 and reached as low as 1.2413, confirming that the long term downtrend from the January 2016 high of 1.4689 had resumed. On...
Month: August 2017
USD/JPY Forecast August 2, 2017, Technical Analysis
The USD/JPY pair initially tried to rally during the day on Tuesday but found significant resistance at the 50 exponential moving average in the hourly timeframe. We rolled over to test the 110 level, which is massively...
USD/CAD Forecast August 2, 2017, Technical Analysis
The USD/CAD pair has been very volatile during the Tuesday session, as we rallied towards the 1.25 handle. That’s an area that of course attract a lot of attention, because of the large, round, psychological aspect of...
GBP/USD Forecast August 2, 2017, Technical Analysis
The British pound had a volatile session during the day on Tuesday, as we reached towards the 1.3250 level, but then pulled back. It looks as if the 1.32 level is offering a significant amount of support...
EUR/USD Forecast August 2, 2017, Technical Analysis
The EUR/USD pair slowly drifted a bit lower during the day on Tuesday, but we are above the uptrend line on the hourly chart that has been supportive for several sessions. The 1.18 level underneath should be...
AUD/USD Forecast August 2, 2017, Technical Analysis
The Australian dollar initially shot much higher during the day on Tuesday, but turned around at the 0.8050 region to fall below the 0.80 level again. This is an area that is important on charts going back...
USDCAD Short-Term Reversal (Aug 02, 2017)
USDCAD failed in its last two attempts to break below the 1.2400 area, creating a double bottom formation on its 1-hour time frame. Price has yet to break past the neckline at 1.2575 before confirming the potential...
USDCAD Daily Analysis – August 2, 2017
USDCAD broke above the bearish trend line on its 4-hour chart and is now facing 1.2575 resistance. As long as this level holds, the price action in the trading range between 1.2413 and 1.2575 could be treated...
USDJPY Daily Analysis – August 2, 2017
USDJPY remains in downtrend from 112.19, the rise from 109.91 could be treated as consolidation of the downtrend. As long as 110.90 resistance holds, the downtrend could be expected to continue and next target would be at...
AUDUSD Daily Analysis – August 2, 2017
AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571, and further rise towards 0.8150 is...