The USDCHF pair moved sideways in a narrow range between 0.9938 and 1.0038 on the 4-hour chart for several days. As long as the price is above 0.9938 support, the sideways move could be treated as consolidation...
The US dollar rallied initially during the day against the Japanese yen on Tuesday, reaching towards the 114.30 level. However, we are pulling back slightly, as I record this. Overall, I believe that the market continues to...
The US dollar rallied significantly during the day on Tuesday, breaking above the 1.28 level in a surge higher. Crude oil markets now have to worry about a lack of demand according to OPEC, and that should...
The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.31 handle. This is an area that begins significant support, extending down to the psychologically important 1.30 handle. There is both horizontal...
The EUR/USD pair has drifted a bit lower during the day on Tuesday, as we continue the overall gentle downtrend. We have recently broken below the bottom of a head and shoulders pattern on the daily chart,...
The Australian dollar continues to fall, as Tuesday was yet another negative session. It looks as if we are heading towards the 0.76 level underneath, which should offer some psychological support. However, if we break down below...
USDCAD continues to trend higher and is moving above an ascending trend line connecting the lows on the 4-hour time frame. Price looks prime for another correction and the 50% level lines up with the trend line...
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USDCAD broke above the falling trend line on the 4-hour chart, indicating that the short term downtrend from 1.2916 had completed at 1.2700 already. Further rally would likely be seen and a break of 1.2825 could take...
USDJPY moved sideways in a trading range between 112.95 and 114.73. The sideways movement is likely consolidation of the uptrend from 111.65. As long as the price is above 112.95 support, the uptrend could be expected to...
