EURUSD’s bounce from 1.2273 extended to as high as 1.2407. Further rise to test 1.2446 resistance is possible. A breakout of this level could signal resumption of the uptrend from 1.2155, then next target would be at...
The US dollar has chopped around against the Japanese yen during trading on Monday, hanging about the 106.50 level. The market continues to be very noisy, and I believe that will remain the case for the next...
The US dollar has been very noisy over the last several sessions, with a general downward attitude against the Canadian dollar. However, I think that the recent test of the 1.30 level shows that we could see...
With the handful of US centric economic announcements coming out over the next couple of days, it could be relatively quiet in the Forex world. However, it does appear that the British pound is starting to pick...
The EUR/USD pair initially rallied during the day on Monday but ran into trouble near the 1.2340 level. The market rolled over and reach back towards the 1.23 level, and I think that it is likely to...
The Australian dollar has been very choppy during trading on Monday, as we came back from the weekend. We are bit overextended after the huge move over the last couple of sessions, so a pullback or a...
EURAUD is slowly trending higher inside a rising wedge formation visible on the 4-hour time frame. Price just bounced off the resistance and might be due for a pullback to support around the 1.5450 minor psychological level....
USDCAD remains in the uptrend from 1.2247, the pullback from 1.3000 is likely consolidation for the uptrend. Support is located at the bottom trend line of the price channel on the 4-hour chart. As long as the...
USDJPY remains in the uptrend from 105.24, the fall from 107.05 is likely consolidation for the uptrend. Support is at the bottom trend line of the price channel on the 4-hour chart. As long as the channel...
AUDUSD extended its upside movement from 0.7712 to as high as 0.7884. The key support is located at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the upside movement...
