USDCAD broke above the key resistance at 1.2778, confirming that the downside movement from 1.3793 had completed at 1.2061 already. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area....
USDJPY broke above the falling trend line from 115.50 to 114.49 on its daily chart. Further rise to test 115.50 resistance could be expected after a minor consolidation. Above this level will indicate that the downside movement...
AUDUSD extended its bearish movement from 0.8124 to as low as 0.7624. Further decline could be expected after a minor consolidation and next target would be at 0.7535. Resistance is at the bearish trend line on the...
GBPUSD is now facing the bullish support trend line from 1.2109 to 1.2774 on the daily chart. A clear break below the trend line support could take price to a key support level at 1.2774, below this...
EURUSD broke below 1.1662 key support, indicating that the bullish movement from 1.0340 had completed at 1.2092 already. Further decline could be expected and next target would be at the resistance-turned-support trend line on the weekly chart...
The US dollar went sideways initially during the day on Friday, showing resistance near the 114.50 level, which is an area I have been talking about for some time. That is the beginning of significant resistance towards...
The US dollar rallied during the day on Friday initially, but found the 1.29 level to be a bit too resistive. We pulled back from there, but quite frankly this is a very bullish pair currently, and...
The British pound fell significantly at the open on Friday, reaching down to the 1.3075 level. We have bounced from there, and we are getting close to an uptrend line just below on the weekly chart. Because...
The EUR/USD pair continued the bearish pressure during the day on Thursday, as the reaction to the dovish statement by Mario Draghi continues. In fact, we are below the 1.16 level as I record this, and this...
The Australian dollar went sideways on Friday, as we have reached the 61.8% Fibonacci retracement level from the weekly move. We have recently broken down below massive support, and I now think that the 0.7750 level above...
