The US dollar initially fell against the Canadian dollar, but found enough support at the 1.27 level II bounce significantly. By forming a hammer on the hourly chart, we then broke towards the upside, reaching towards the...
The British pound went sideways during the trading session on Tuesday, as the 1.3050 level underneath should offer support. I believe that the market will eventually rally, as we have been consolidating for some time. Because of...
The EUR/USD pair broke out during the trading session on Tuesday, slicing through the 1.17 level. This is a very bullish sign as that was the neckline of a head and shoulders, and it now negates what...
The Australian dollar has been very noisy during the trading session on Tuesday, as we continue to pound to the downside. It looks as if we are going to try to break down below the 0.76 handle,...
GBPAUD is slowly breaking above the resistance of its symmetrical triangle pattern on the daily time frame. This chart pattern is approximately 2000 pips tall so the resulting uptrend could be of the same height. The 100...
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USDCAD is now in short term uptrend from 1.2666. Further rise to test 1.2819 resistance would likely be seen, a breakout of this level could bring price towards 1.2916 previous high. Near term support is at 1.2666,...
USDJPY is facing 112.95 support once again. A breakdown below this level could take price to next support level at 112.65. Below here could trigger further decline towards 111.65 key support. Near term resistance is at 113.90,...
AUDUSD continued its downside movement from 0.7729 and the fall extends to as low as 0.7576. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the...
GBPUSD failed to break below 1.3027 support once again and stays in the trading range between 1.3027 and 1.3337. Sideways movement in the range could be expected to continue in a couple of days. Near term resistance...
