USDCAD broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 1.0341 (Mar 1 high) had completed at 1.0013 already. Further rise to test 1.0341 resistance would […]

USDCAD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the downtrend from 1.0341 (Mar 1 high) had completed at 1.0013 […]

US Dollar / Japanese Yen broke above the down trendline at 100.77, five days ago.  This is a bullish sign.  This down trendline, currently with an ending point at 99.73, may now provide downside support with […]

A Daily white body has formed yesterday. A Daily engulfing bullish line has formed (where a white candle’s real body completely contains the previous black candle’s real body). The engulfing bullish pattern is […]

US Dollar / Japanese Yen broke above the down trendline at 100.77, four days ago.  This is a bullish sign.  This down trendline, currently with an ending point at 99.73, may now provide downside support. If […]