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Bearish Formation on Horizon and EUR/USD
December 15, 2017, 7:35 AMAlthough the euro moved sharply higher against the greenback on Wednesday, currency bulls showed their weakness, which resulted in a pullback yesterday. Will they make another attempt to attack the upper line of the trend channel? What pro-bearish formation can thwart their plans?
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USD/JPY and Similarity to November
December 14, 2017, 8:16 AMYesterday, the U.S. dollar moved sharply lower against the greenback which took USD/JPY below the previously-broken line – similarly to what we saw in the previous month. What does it mean for the exchange rate?
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AUD/USD - Consequences of Breakout
December 13, 2017, 10:23 AMEarlier today, AUD/USD extended gains, but how high could the exchange rate go in the coming days?
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USD/CAD - Trading in Narrow Range - For Now
December 12, 2017, 8:21 AMAlthough USD/CAD rebounded in the previous week, the proximity to the important resistance zone paused currency bulls, triggering a pullback earlier today. Will we see further deterioration in the following days?
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AUD/USD - Another Attempt to Move Higher. Will Bulls Succeed?
December 11, 2017, 8:13 AMEarlier today, the Australian dollar increased against its U.S. counterpart, which pushed AUD/USD above the upper line of the declining trend channel. Will currency bulls fail as at the turn of November and December? Or maybe there are technical factors that they can use to win with their opponents this time….
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