On Wednesday, currency bulls closed their ranks and headed north. Despite the positive closure and support from the signals generated by the daily indicators, the buyers didn’t manage to continue yesterday’s rebound earlier today. What does it mean for EUR/USD?

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After a series of several-day increases caused by the exit from the declining trend channel, the bulls reached the resistance zone, which slowed their rally to the north. Is this the end of their climbing?

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After a series of drops started at the beginning of the year, USD/CAD got stuck in a consolidation around the 50% Fibonacci retracement. Despite several previous attempts to break above the formation, the buyers were not strong enough to reach higher levels. Nevertheless, earlier today, currency bulls managed to close the ranks and continue to move north. How high can they take the exchange rate in the coming days?

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On Thursday, currency bulls invalidated the earlier tiny breakdown under the Fibonacci retracement, which triggered another test of the nearest resistance area. How did the attack of buyers end and what is its pronunciation?

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Up and down and turn around – in these several words we could sum up the recent price action that we are observing in the case of USD/JPY. What formation holds both the bulls and the bears in a narrow range for many days?

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