The British pound has initially fallen during trading on Thursday but continues to find support at the previous downtrend line. Because of this, I think that the market is eventually going to build up the necessary momentum...
The EUR/USD pair has drifted lower during the trading session on Thursday, showing signs of “risk off” trading. I think that we will eventually find buyers underneath, as the 1.23 level should be important. If we break...
The Australian dollar has fallen a bit during the trading session on Thursday, as the stock markets and gold markets continue to be very noisy. There are a lot of geopolitical concerns right now, and quite frankly...
USDJPY has formed lower highs and found support at the 105.60 level, creating a descending triangle pattern on its 1-hour time frame. Price just bounced off resistance and could be due for a test of support soon....
USDCAD broke above 1.3000 resistance, suggesting that the uptrend from 1.2247 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3150 area. Support levels are at 1.3025 and 1.2980,...
USDJPY’s downside movement from 107.29 extended to as low as 105.78. Further decline towards 105.24 support would likely be seen in the coming days. A breakdown below this level could take price to 104.00 area. Near term...
AUDUSD broke below the bullish trend line on the 4-hour chart and extended its downside movement from 0.7916 to as low as 0.7770. Further decline could be expected after a minor consolidation and next target would be...
GBPUSD remains in the uptrend from 1.3711, the fall from 1.3995 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...
EURUSD is now facing 1.2273 support. A breakdown below this level could take price to next support level at 1.2155. On the upside, as long as 1.2273 support holds, the sideways movement in the trading range between...
The US dollar initially fell against the Japanese yen during trading on Wednesday, reaching down towards the 106.25 level, an area that has been supportive over the last several days. This area was previous resistance, so that...
