USDJPY is now in downtrend from 114.73, the bounce from 110.84 is treated as consolidation of the downtrend. Further decline would likely be seen next week and a breakdown below 110.84 support could trigger further downside movement...
AUDUSD broke above the falling trend line on the daily chart, indicating that consolidation for the downtrend from 0.8124 is underway. Further rally is still possible and next target would be at 0.7729. However, as long as...
GBPUSD extended its bounce from the rising trend line on the daily chart to as high as 1.3549. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will confirm...
EURUSD stays above a rising trend line on the daily chart and remains in the short term uptrend from 1.1554. As long as the price is above the trend line, the upside movement could be expected to...
During the Friday session, the USD/JPY pair was very noisy in general. However, what really got things moving was when General Flynn suggested that he was willing to testify against the White House and the Russian broke....
The US dollar fell rather significantly against the Canadian dollar during Friday’s trading session, breaking down towards the 1.27 handle. A breakdown below that level probably sends this market looking for the 1.25 level, and part of...
The GBP/USD pair initially fell during the trading session on Friday, reaching below the 1.35 handle again. Quite frankly, I liked seeing this, as a give us an opportunity to pick up a little bit of value....
The EUR/USD pair initially fell during the trading session on Friday, reaching down towards the 1.1850 level before bouncing significantly. As we are approaching the end of the trading session for Europe, the market is rallying significantly,...
The Australian dollar initially went sideways during the session on Friday, reaching towards the 0.76 level before pulling back. However, we then found quite a bit of bullish pressure as General Flynn suggested that he was willing...
USDCAD extended its upside movement from 1.2672 to as high as 1.2909. Further rise to test 1.2916 resistance would likely be seen. A breakout of this level could signal resumption of the longer term uptrend from 1.2061...
