GBPAUD continues to trend higher, moving above an ascending trend line connecting the lows since early September. Price looks ready for another trend line test soon and this support area lines up with a former resistance around...
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait for a breakout to occur. The price is facing the upper line of the pattern now at...
The US dollar has gone sideways in general, but Saul buyers jump into the marketplace after the CPI figures came out higher than anticipated in the United States. This suggests that the Federal Reserve will be...
usdcad The US dollar initially fell during the trading session on Tuesday, reaching down towards the 1.28 level underneath, where we have seen buyers. A breakout above the 1.2875 level has happened late in the trading session,...
The British pound was choppy and volatile during the trading session on Tuesday, and tested the 1.3333 handle more than once. I think that we will continue to consolidate, but if we do break down from...
The EUR/USD pair has been slightly negative during the trading session on Tuesday, but quite frankly with the Federal Reserve releasing an interest rate announcement, and more importantly a statement later today, it’s likely that this...
The Australian dollar has rallied initially during the trading session on Tuesday, but has a negative look to it later in the day as the CPI figures came out stronger than anticipated, and a favorite of...
USDCAD extended its upside movement from 1.2623 to as high as 1.2892. Near term support is at 1.2804. As long as the price is above this level, the upside movement could be expected to continue and further...
USDJPY is facing 113.91 resistance. A break of this level could take price to next resistance level at 114.73. Near term support is at 113.13. A breakdown below this level could bring price back towards the rising...
AUDUSD broke above 0.7545 resistance, suggesting that the short term downtrend from 0.7653 had completed at 0.7501 already. Further rally would likely be seen in the coming days and next target would be at 0.7653 resistance. Near...
