The US dollar has been very volatile during the trading session on Tuesday, as we have reached towards the 112.50 level twice. Both times, we have seen buyers jump into the marketplace, so now looks as if...
The US dollar drifted a little bit higher against the Canadian dollar during quiet trading on Tuesday. I still see a significant amount of resistance near the 1.25 level though, so I don’t have any interest in...
The British pound drifted a bit lower during the trading session on Tuesday, reaching down to the 1.35 region, which has of course offered a significant amount of support. I think at this point, I would anticipate...
The EUR/USD pair has been very noisy over the last several weeks, but the last couple of days have been a bit of a pullback. Ultimately, the market looks likely to find support just below, as the...
The Australian dollar initially tried to rally during the trading session on Tuesday, but then rolled over to reach towards the 0.75 level underneath. That’s an area that features a gap on the chart as I have...
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2920 had completed at 1.2355 already. Further rally is still possible and next target would be at 1.2555. As long...
USDJPY is facing 112.03 support once again. A breakdown below this level could take price towards 110.84. However, as long as 112.03 support holds, the price action from 113.75 could be treated as consolidation of the uptrend...
AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7501 had completed at 0.7874 already. Further decline would likely be seen after a minor...
GBPUSD continued its sideways movement in a trading range between 1.3494 and 1.3612. The sideways movement is likely consolidation of the uptrend from 1.3301. A breakout of 1.3612 resistance will indicate that the upside movement has resumed,...
EURUSD extended its downside movement from 1.2089 to as low as 1.1915. Further decline would likely be seen after a minor consolidation and a breakdown below 1.1915 support could take price towards 1.1850, followed by 1.1717. Near...
