AUDUSD’s upside movement from 0.7807 extended to as high as 0.8028. As long as the price is in the bullish channel on the 4-hour chart, the upside movement could be expected to continue and next target would...
GBPUSD extended its upside movement from 1.2774 to as high as 1.3044. Near term support is at the bullish trend line on the 4-hour chart. As long as the price is above the trend line, the upside...
EURUSD moved sideways and formed a triangle pattern on its 4-hour chart. The price action in the triangle pattern could be treated as consolidation of the uptrend from 1.1662. Further rise towards 1.2165 is still possible after...
XAUUSD extended its bullish movement from 1204.77 to as high as 1339.69, breaking above the November 2016 high of 1337.28 resistance. Further rise is still possible in a couple of weeks. On the upside, the gold price...
The USD/JPY pair gapped lower as word got out that the North Koreans tested a nuclear bomb. We rallied a bit, but have fallen since then. It looks like the market is hovering around the 109.50 level...
The USD/CAD pair rallied on Monday, as there was a bit of a “risk off” trade after the North Koreans tested a nuclear bomb. However, the market has recently seen a significant amount of bearish pressure, and...
The British pound went sideways initially on Monday, but then dipped slightly to find support, only to bounce again. The Americans were celebrating Labor Day, so most of the action would’ve been during European trading hours. Ultimately,...
The EUR/USD pair gapped higher at the open on Monday, ever so slightly. However, we ran into a bit of trouble at the 1.1920 level, and pulled back. As I write this, the market is trying to...
The Australian dollar gap lower as the North Koreans tested a nuclear bomb, but then turned around to fill that gap before falling again. I think that the market has significant support near the 0.79 handle, just...
EURCAD could be in for a selloff as the pair formed a double top classic reversal pattern and broke below the neckline at the 1.4750 minor psychological level. Price is pulling up to this broken support level,...
