The British pound has been very volatile during the trading session on Tuesday, breaking down slightly, but then rallied significantly. However, that was short term thinking, as we rolled over towards the 1.3333 handle underneath. That’s...
The EUR/USD pair continues to be volatile, but bullish looking at the charts for the Tuesday session. I think we are going to continue to see a lot of choppiness going forward, as we are getting...
The Australian dollar had a noisy session on Tuesday, initially going higher, but then rolled over to show signs of weakness. If we can break down below the 0.7625 level, I think that the market could...
EURAUD previously broke below the neckline of its head and shoulders pattern on the 1-hour time frame to signal a selloff. Price found support around the 1.5340 area and is now pulling back to the broken support...
USDCAD pulled back from 1.2920 after touching 1.2916 (Oct 27 high) resistance. Near term support is at 1.2835, a breakdown below this level will indicate that lengthier sideways movement in the trading range between 1.2623 and 1.2920...
USDJPY broke above 113.00 resistance, indicating that the short term downtrend from 113.75 had completed at 112.03 already. Further rally would likely be seen and next target would be at 113.75 resistance. Near term support is at...
AUDUSD moved sideways in a narrow range between 0.7635 and 0.7694. As long as 0.7635 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7501 and a breakout of 0.7694 resistance could...
GBPUSD continued its sideways movement in a trading range between 1.3301 and 1.3466. As long as 1.3466 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3549, and further decline is till...
EURUSD is facing 1.1862 resistance. A breakout of this level could indicate that the downside movement from 1.1961 had completed at 1.1717 already, then the following upside movement could take price to next resistance level at 1.1961....
Commodities has typically been a market that rails against forex. Whilst both markets drive growth and capital in the countries they’re hosted, they have pull and push effects against each other and the other major markets, with...
