USDCAD broke above the top trend line of the price channel on its daily chart. Further rise towards 1.2778 key resistance could be expected in a couple of weeks, a breakout of this level would confirm that...
USDJPY extended its bullish movement from 107.31 to as high as 113.25. Further rise to test 115.50 key resistance could be expected in a couple of weeks. Near term support is at 111.00, only a breakdown below...
AUDUSD broke below 0.7807 key support, indicating that the upside movement from 0.7328 had completed at 0.8124 already. Further decline could be expected and next target would be at the resistance-turned-support trend line on the weekly chart...
GBPUSD failed its attempt to breakout of the bearish trend line on its weekly chart and pulled back from 1.3657. However, the pair is above a bullish trend line on its daily chart, indicating that the price...
EURUSD broke below the rising price channel on its daily chart, indicating that consolidation for the uptrend from 1.0340 is underway. Range trading between 1.1662 and 1.2092 would likely be seen in a couple of weeks. As...
The US dollar continues to bounce around against the Japanese yen, using the 112.50 level is a bit of a fulcrum. I believe that the market is trying to build a momentum, but we may get a...
The US dollar rallied against the Canadian dollar on Friday, as we continue to pound towards the 1.25 handle. This is an area that’s offered a significant amount of resistance though, so I think this market is...
The British pound fell during Friday trading, reaching towards the 1.3350 level before bouncing. However, it looks as if it is going to sell off further into the US session, perhaps reaching towards the 1.33 level. I...
The EUR/USD pair had a positive session on Friday, reaching towards the 1.1835 level, before pulling back slightly. However, as the American traders came back on board, they started to buy the pair again, and I believe...
The Australian dollar slid down to lower levels during Friday, but it seems as if the Americans are willing to pick up the Aussie near the 0.78 handle, which is the beginning of significant support based upon...
