usdcad The US dollar pulled back a bit during the trading session on Wednesday, but seems to be finding support near the 1.2850 level, an area that I think will continue to be important, but I think...
The British pound rallied a bit during the trading session on Wednesday, reaching towards the 1.34 handle. That’s an area that has a bit of resistance attached to it, but in general I think that the...
The EUR/USD pair was quiet during most of the trading session, but as the Americans took over the pair rallied towards the 1.19 handle. This is a market that has very positive signs on the weekly...
The Australian dollar did almost nothing during the day on Wednesday, as the 0.7650 level is likely the “fair value” for the short-term charts. I think that the markets are going to continue to struggle a...
USDCAD once again bounced off the top of its range on the 4-hour time frame and could be due for a move back down to support at 1.2675. Stochastic is heading south to show that sellers are...
USDCAD broke below 1.2835 support, indicating that the short term uptrend from 1.2623 had completed at 1.2920 already. Deeper decline towards 1.2713 support could be expected in the coming days. A breakdown below this level could trigger...
USDJPY is now facing 113.75 resistance. A breakout of this level could trigger further upside movement towards 114.73. Support level are at 112.75 and 112.03, only break below these levels could take price back towards 110.84.
AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694. The sideways movement is likely consolidation of the uptrend from 0.7501 and a breakout of 0.7694 could take price to 0.7800 area. On the...
GBPUSD stays in a trading range between 1.3301 and 1.3466. The price action in the range is likely consolidation of the downtrend from 1.3549 and another fall could be expected after the consolidation. Near term support is...
EURUSD broke above 1.1862 resistance, indicating that the downside movement from 1.1961 had completed at 1.1717 already. Further rise could be expected and next target would be at 1.1961 resistance. A breakout of this level would aim...
