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…

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…

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…

USD/CHF: under pressure   Ichimoku Cloud; ADX and DI bearish; RSI bearish.   The US dollar is under heavy selling pressure versus the Swiss Franc. The recent breakout of the Ichimoku Base line appeared to be false as the bulls…