The US dollar gapped higher against the Japanese yen at the open on Monday, as Abe won the elections easily in Japan, which of course is good for the Nikkei, and suggests that we are to continue...
The US dollar rallied against the Canadian dollar after initially dropping during the day on Monday. We have broken decidedly above the 1.26 level, and that being the case it’s likely that the market is ready to...
The British pound rallied initially on Monday, but found enough resistance near the 1.3225 level to turn around and fall back towards the 1.3160 handle. Since then, we have stabilized a bit, and this essentially looks as...
The EUR/USD pair initially fell on Monday, bounced a bit towards the 1.1775 level, but then rolled over significantly to reach down towards the 1.1725 handle before slightly bouncing again. If we break down to a fresh,...
The Australian dollar tried to rally during most of the session on Monday, but ran into a buzz saw of resistance near the 0.7850 level, and then pulled back to test the vinyl 0.78 handle. This is...
GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. Price is currently testing the resistance at 1.6900, still deciding whether to make a bounce or a break. A bounce could take it...
USDCAD’s upside movement from 1.2061 extended to as high as 1.2636. Further rise is still possible and next target would be at 1.2778 (Aug 15 high). Support levels are at 1.2530 and 1.2433, only break below these...
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 111.65. As long as the price is above the trend line, the fall from 114.09 could be treated as consolidation...
AUDUSD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around...
GBPUSD is facing 1.3228 resistance, above this level will indicate that the downside movement from 1.3337 had completed at 1.3087 already. Then further rally could be seen and next target would be at 1.3337 resistance. However, as...
