The US dollar initially tried to rally on Wednesday, bouncing from the 1.25 level. However, we turned around and fell rather significantly, perhaps helped by a stronger than anticipated drop in US inventories in the crude oil...
The GBP/USD pair fell initially during the trading session on Wednesday, slicing through the 1.3175 level, but has found a bit of support. Because of this, I think we are going to bounce and go looking towards...
The EUR/USD pair fell on Wednesday, reaching down towards the 1.1740 level, then bouncing enough to form what looks to be a hammer for the day. If we can break out to the upside, and especially the...
The Australian dollar initially fell during the day on Wednesday, testing the 0.7820 level again as we did on Tuesday. This is an area where buyers are starting to come back into the market at, but I...
EURAUD recently broke out of its symmetrical triangle formation on the daily time frame to indicate that bullish momentum is getting stronger. Price reached a high of 1.5246 before turning back down for a retest of the...
USDCAD moved sideways in a trading range between 1.2433 and 1.2598 and is now facing the key support level at 1.2433. A breakdown below this level will indicate that the uptrend had completed at 1.2598 already, then...
USDJPY is now facing 113.43 resistance. A breakout of this level could trigger another rise towards 115.50 resistance. Near term support is at 112.50, below this level could trigger another fall to test 111.47 key support. Breakthrough...
AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this...
GBPUSD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance...
EURUSD rebounded from 1.1730 after approaching 1.1669 support, indicating that the short term downtrend from 1.1879 is complete. Further rise to test 1.1879 resistance could be expected in the coming days, a breakout of this level could...
