The GBP/USD pair initially gapped lower at the open on Monday, and then bounced enough to slam into the 1.35 handle. We pulled back from there to test the 1.3425 level underneath, and then exploded to...
As we opened the trading session on Monday, we obviously gapped lower in favor the US dollar during Asian trading, perhaps in reaction to the tax bill making significant gains through the US Senate. Ultimately, the...
The Australian dollar gap lower at the open on Monday, signaling that traders were starting to become a bit more excited about tax reform in the United States, but since then we have bounced to fill...
EURAUD has been trending higher on its 1-hour chart and is moving inside an ascending channel. Price seems to be gearing up for a test of support around the 1.5600 handle and technical indicators are signaling that...
USDCAD moved sideways in a trading range between 1.2666 and 1.2916 and is now facing 1.2666 support once again. A breakdown below this level could take price to next support level at 1.2600, followed by 1.2433. Resistance...
USDJPY broke above 112.71 resistance, suggesting that the downside movement from 114.73 had completed at 110.84 already. Further rally would likely be seen and next target would be at 113.91, followed by 114.73. Near term support is...
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7532 and 0.7644 would likely be seen in...
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.3039. As long as the price is above the trend line, the fall from 1.3549 could be treated as consolidation...
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1554. As long the trend line support holds, the price action from 1.1961 could be treated as consolidation of the...
USDCAD moved sideways in a narrow range between 1.2666 and 1.2916 after breaking below the rising trend line on the daily chart. As long as 1.2666 support holds, the sideways movement could be treated as consolidation of...
