USDCAD recently broke above the resistance trend line of the price channel on the daily chart, suggesting that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.2061 and 1.2778 would likely be seen...
The US dollar initially fell against the Japanese yen during the day on Wednesday, but found enough support near the 112.25 level to turn around and rally significantly. By the end of the day, we have gained...
The USD/CAD pair initially fell on Wednesday but found enough support near the 1.2450 level to turn around and rally towards the 1.20 level. However, this is a market that is very choppy due to several factors...
The British pound rose slightly during the day on Wednesday, testing the 1.33 level for resistance. If we can break above there, the market should continue to go much higher, perhaps reaching towards the 1.35 level above....
The EUR/USD pair rallied initially on Wednesday, but continues to find resistance above. I do think that eventually we go higher, but we need to break out to do so. It looks right now that the 1.1750...
The Australian dollar has gone higher during the session on Wednesday, as we reached towards the 0.7870 level, and then pulled back. However, we have seen a lot of support just below, so I think that the...
EURGBP is currently testing a former resistance level around the .8800 major psychological mark, which appears to be holding as support. This lines up with the 50% Fibonacci retracement level on the swing high and low on...
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USDCAD moved sideways in a trading range between 1.2416 and 1.2538. As long as the price is in the bullish price channel on the 4-hour chart, the sideways movement could be treated as consolidation of the uptrend...
USDJPY continued its sideways movement in a trading range between 112.21 and 113.25. As long as 112.21 support holds, the price action in the range could be treated as consolidation of the uptrend from 107.31, and further...
