USDJPY failed to break above 113.91 resistance and dropped down from 113.75, facing the bullish trend line on its 4-hour chart. A clear break below the trend line support will confirm that the short term uptrend from...
AUDUSD broke above 0.7653 resistance, suggesting that the downside movement from 0.8124 (Sep 8 high) had completed at 0.7501 already. Further rise would likely be seen and next target would be at 0.7720 area. Support levels are...
GBPUSD broke below the bullish trend line on the 4-hour chart and is now in downtrend from 1.3549, the bounce from 1.3303 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation...
EURUSD failed to break below 1.1712 support and rebounded from 1.1717, breaking above 1.1814 resistance, suggesting that the downside movement from 1.1961 had completed at 1.1717 already. Further rally would likely be seen in the coming days...
The US dollar has fallen a bit during the trading session on Wednesday, reaching down to the important 113 handle. However, as the Federal Reserve statement comes out, we could get a bit of volatility in...
The US dollar has been sideways during the Wednesday session as we await the Federal Reserve statement, but any signs of hawkishness out of the Federal Reserve will more than likely send this pair towards the...
The British pound has been very noisy over the last several months, as we have negotiated a break away from the European Union. The 1.3333 handle has been very important, and as I await the Federal...
The EUR/USD pair continues to be very noisy, but it looks as if we are trying to form some type of supportive area in this region. On the weekly chart, I can make an argument for...
The Australian dollar initially dipped during the day on Thursday, but found enough support to turn around Anna rally significantly, mainly upon the idea that tax reform may not get done in the United States. As...
EURUSD is trending lower and moving inside a descending channel on its 1-hour time frame. Price is testing resistance after a sharp rally, so either a bounce or break could be due. The 100 SMA is below...
