The US dollar rallied against most currencies during the session on Tuesday, and the Canadian dollar was no different. We are pressing the 1.24 level, an area that is resistive, and is also the scene of a...
The British pound had a soft session on Tuesday, breaking below the 1.3450 level. The market looks as if it is ready to continue drifting a little bit lower, but I’m not expecting any type of meltdown....
The EUR/USD pair fell again on Tuesday, as we have broken below the 1.18 level. This is a market that seems to be rather negative, after the German elections showed just how divided the European Union is....
The Australian dollar fell significantly during the session on Tuesday, as the markets continue to look tenuous at best. Remember, the Australian dollars highly correlated to gold, and of course the overall “risk on” attitude in general....
EURJPY has been trending higher recently, with a rising trend line connecting the lows on the 4-hour time frame. Price is moving close to testing this support area, which lines up with the 61.8% Fibonacci retracement level...
USDCAD continued its short term uptrend from 1.2061 and the rise extended to as high as 1.2413, facing the resistance of the top trend line of the price channel on the daily chart. Near term support is...
USDJPY moved sideways in a trading range between 111.47 and 112.71. The sideways movement is likely consolidation of the uptrend from 107.31. A break of 112.71 resistance could trigger another rise towards 114.00. Near term support is...
AUDUSD extended its downside movement from 0.8124 to as low as 0.7859. Deeper decline to test 0.7807 support would likely be seen in a couple of days. Below this level could confirm that the uptrend from 0.7328...
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. A clear break below the trend line support will indicate the upside movement from 1.2774 had completed at 1.3652 already, then the following...
EURUSD broke below 1.1823 support and fell down to as low as 1.1757. Further decline to test 1.1662 support would likely be seen in a couple of days. A breakdown below this level could indicate that the...
