AUDUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD dropped sharply from 1.3176 to as low as 1.2713. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is at 1.2790, a break of this level could...
EURUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.1570. Further decline is still possible and next target would be at 1.1000 area. Near term resistance is at 1.1270,...
By Bob Stokes After the U.S. recently announced new sanctions against Iran, tensions have escalated between the two countries. USA Today reported (May 7): The Pentagon is rushing additional military muscle, including B-52 bombers, to the Middle...
USDCAD consolidated in a trading range between 1.3376 and 1.3520 over the past two weeks. Another rise to test 1.3520 resistance could be expected, a break of this level could signal resumption of the uptrend from 1.3274,...
USDJPY is facing the 110.04 resistance. A break of this level would suggest that the downside movement from 112.40 had completed at 109.01 already, then further rally towards the falling trend line on the 4-hour chart could...
AUDUSD extended its downside movement from 0.7068 to as low as 0.6886. Further decline is still possible after a minor consolidation and next target would be at 0.6850 area. Near term resistance is at 0.6940, only break...
GBPUSD’s downside movement from 1.3176 extended to as low as 1.2787. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2880, a break of this level...
EURUSD extended its downside movement from 1.1263 to as low as 1.1166. Deeper decline could be expected in a couple of days and next target would be at 1.1120 area. Resistance is at 1.1225, only break above...
USDCAD continued its sideways movement in a trading range between 1.3376 and 1.3520. The sideways movement is likely consolidation for the uptrend from 1.3274, a break out of 1.3520 resistance could take the price to 1.3600 area....
