USDCAD failed to break below 1.2355 support and stays in the trading range between 1.2355 and 1.2590, suggesting that lengthier consolidation for the downtrend from 1.2920 is needed. Sideways movement would likely be seen over the next...
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 113.38 had completed at 110.19 already. Further rise would likely be seen and next target would be at 111.87...
AUDUSD extended its upside movement from 0.7501 to as high as 0.8022. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...
GBPUSD extended its short term uptrend from 1.3458 to as high as 1.3942. As long as 1.3741 support holds, the uptrend could be expected to continue and next target would be at 1.4200 area. Near term resistance...
EURUSD broke below 1.2195 support, indicating that the short term uptrend from 1.1915 had completed at 1.2323 already. Deeper decline to 1.2100 area would likely be seen in the coming days. Below this level would aim the...
The US dollar has gone back and forth during the trading session on Tuesday, as Americans came back to work. I believe that the market is going to deal with the 111-level next, and that’s an area...
The US dollar went back and forth during the trading session on Tuesday, as we have seen the market use the 1.24 level as support. If we can break above the 1.2460 level, then I think the...
The British pound drifted a bit lower at the open on Tuesday, reaching down towards the 1.3750 level, an area that was resistance in the past. Because of this, I anticipate that the market will probably find...
The EUR/USD pair has drifted a bit lower during the trading session on Tuesday, reaching down towards the 1.22 handle. Ultimately, I think that the market should continue to go higher based upon the 1.21 level breaking,...
The Australian dollar drifted a little bit lower during the trading session on Tuesday as the Americans came back to work from the holiday. Ultimately, the market looks as if it is bullish though, but I also...
