AUD/USD: testing intraday resistance   Ichimoku Cloud bearish; ADX and DI bullish; RSI neutral.   The AUD/USD currency pair is currently testing the bottom band of the Ichimoku Cloud, which is an important intraday resistance. If the bulls were able to lift the rate inside the cloud, then we’d see a consolidation phase if not […]

EUR/USD: testing intraday resistance   Bollinger Bands bullish; RSI bullish; Awesome Oscillator bullish.   The single European currency is testing the upper band of the recent range versus the US dollar. The four-hour chart setup below is about to turn bullish with a possible continuation if EUR/USD closed at least one 4H candlestick above the […]

Several weeks ago we highlighted the weak yen shortly after USD/JPY crossed over what at the time seemed like stiff resistance at the 130.00 level.   Since that time the currency pair has continued to soar touching above 136.00 and now settling in a range between 134.50 and 136.50.   It is normal that the […]