GBPUSD Daily Analysis – January 25, 2018
GBPUSD extended its upside movement from 1.3458 to as high as 1.4262. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Month: January 2018
EURUSD Daily Analysis – January 25, 2018
EURUSD broke above 1.2323 resistance and extended its upside movement from 1.1915 to as high as 1.2416. Further rise is still possible after after a minor consolidation and next target would be at 1.2500 area. Near term...
USDCAD Bearish Flag (Jan 24, 2018)
USDCAD has been treading mostly sideways in the past few days and is consolidating inside a bearish flag formation visible on the daily time frame. Price is currently testing the triangle support and a breakdown could send...
USD/JPY Price Forecast January 24, 2018, Technical Analysis
The US dollar has fallen during the trading session on Tuesday, as we continue to see weakness in the greenback. I believe that the market will continue to be very noisy, as the 110 level will obviously...
USD/CAD Price Forecast January 24, 2018, Technical Analysis
The US dollar has rallied during the Tuesday session, reaching towards the 1.25 level, which of course is a large, round, psychologically significant number. That area of course will offer a bit of resistance, but it looks...
GBP/USD Price Forecast January 24, 2018, Technical Analysis
The British pound has initially tried to break above the 1.40 level but has pulled back from there is one would expect. After all, this is a market that has been very bullish as of late, so...
EUR/USD Price Forecast January 24, 2018, Technical Analysis
The EUR/USD pair has initially fallen during the day on Tuesday but found enough support near the 1.2225 level to turn around and show signs of life. If we can break above the 1.23 level, then the...
AUD/USD Price Forecast January 24, 2018, Technical Analysis
The Australian dollar has fallen a bit during the trading session on Monday, reaching down towards the 0.7950 level. I would anticipate some type of bounce on short-term charts, as we continue to consolidate below a major...
GBPUSD Channel Top (Jan 23, 2018)
Cable has been climbing steadily and is testing the top of its ascending channel visible on the daily chart. This could provide a countertrend opportunity for a pullback to the channel support or at least until the...
USDCAD Daily Analysis – January 23, 2018
USDCAD is forming a sideways consolidation in a trading range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downtrend from 1.2920 could be expected to resume and further fall towards 1.2200 area is still...