EURUSD moved sideways in a trading range between 1.2165 and 1.2323. The price action in the range could be treated as consolidation of the uptrend from 1.1717. A breakdown below 1.2165 support could trigger further downside movement...
EURUSD continues to advance and positive updates from Germany’s coalition talks over the weekend could sustain the climb. However, price is hitting a roadblock at its short-term channel resistance and might need a correction before heading further...
USDCAD moved sideways in a range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downside movement could be treated as consolidation of the downtrend from 1.2920, and a breakdown below 1.2355 support could trigger...
USDJPY broke below 110.84 support, suggesting that the downside movement from 114.73 has resumed. Further decline would likely be seen in a couple of weeks and next target would be at 109.50, followed by 107.31. Resistance is...
AUDUSD continued its upside movement from 0.7501 and the rise extended to as high as 0.8038. Further rise is still possible next week and next target would be at 0.8124 resistance. Near term support is at 0.7936,...
GBPUSD’s upside movement from 1.3027 extended to as high as 1.3945. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target...
EURUSD extended its upside movement from 1.1554 to as high as 1.2323. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next...
The US dollar has pulled back a bit during the trading session on Thursday, reaching towards the 111 level. However, this is an area that has offered support and resistance in the past, so it doesn’t surprise...
Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...
The British pound has rallied a bit during the Thursday trading session, reaching towards the 1.39 handle. Given enough time, I believe that the market goes looking towards the 1.40 level, which is the major target above....
