GBPUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3003 could be treated as consolidation for the downtrend from 1.3381, another...
EURUSD broke below 1.1335 support, suggesting that the upside movement from 1.1176 had completed at 1.1448 already. Further decline is still possible and next target would be at 1.1200 area. Resistance is at 1.1330, only break above...
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USDCAD is facing 1.3467 resistance. As long as this level holds, the bounce from 1.3068 could be treated as consolidation for the downtrend from 1.3664, another fall towards 1.3000 is still possible after the consolidation. On the...
USDJPY broke below the bullish price channel on the daily chart, suggesting that the upside movement from 105.05 had completed at 112.13 already. Further decline could be expected and next target would be at 108.00 area. Resistance...
AUDUSD remains in the downtrend from 0.7295, the bounce from 0.7003 is likely consolidation for the downtrend. As long as 0.7206 resistance holds, the downside movement could be expected to resume and one more fall towards 0.6900...
GBPUSD moved sideways in a trading range between 1.2960 and 1.3381. As long as 1.2960 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2396, further rise to 1.3600...
EURUSD broke above the falling trend line on the daily chart and is now in the uptrend from 1.1176, the pullback from 1.1448 is likely correction for the uptrend. Another rise could be expected after the correction,...
By Steve Hochberg and Pete Kendall Back in December, we wrote an article titled “Interest Rates Win Again as Fed Follows Market.” In the piece, we noted that while most experts believe that central banks set interest...
USDCAD broke above 1.3370 resistance, suggesting that the downside movement from 1.3467 had completed at 1.3250 already. Further rally would likely be seen in the coming days and next target would be at 1.3450 area. Near term...
