The US dollar fell during the trading session on Wednesday, breaking below the 24-exponential moving average on the hourly chart against the Canadian dollar. We are testing the 1.27 level, and I think at this point that...
The British pound fell rather hard during the day on Wednesday, reaching down towards the 1.31 handle. There is a certain amount of support there though, extending down to the 1.30 level after that. I believe that...
The EUR/USD pair did very little during the day on Wednesday, as we continue to bang around the 1.16 level. I think that the 1.17 level above is essentially the “ceiling” in the market, as more than...
The AUD/USD pair rallied a bit during the day on Wednesday, but continues to struggle at the downtrend line that I have marked on the one-hour chart. I believe that this slight pullback could be the beginning...
NZDUSD has been trending lower since breaking below the neckline of a head and shoulders pattern. Price is also moving below a descending trend line connecting the highs since mid-September. A pullback to this trend line appears...
USDCAD is now facing 1.2700 support, a breakdown below this level could signal resumption of the short term downtrend from 1.2916, then next target would be at the bullish trend line on the daily chart. Near term...
USDJPY continued its sideways movement in a trading range between 112.95 and 114.73. As long as 112.95 support holds, the price action in the range could be treated as consolidation of the uptrend from 111.65 and further...
AUDUSD failed to break below 0.7624 support and stayed in a trading range between 0.7624 and 0.7729. The range trading could be expected to continue in a couple of days and a break of 0.7685 level could...
GBPUSD stays in a trading range between 1.3027 and 1.3337. Near term resistance is at 1.3180, a breakout of this level could trigger another rise towards 1.3337 key resistance. As long as 1.3337 resistance holds, the price...
EURUSD remains in the downtrend from 1.1879. Further decline would likely be seen after a minor consolidation and next target would be at 1.1400 area. Near term resistance is at 1.1625, followed by 1.1690, only break above...
