AUDUSD stays in a trading range between 0.7201 and 0.7277. As long as 0.7277 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7337, and further decline to 0.7100...
GBPUSD’s fall from 1.2927 extended to as low as 1.2725. Further decline to test 1.2695 support is possible in the coming days, below this level would aim 1.2500. Near term resistance is at 1.2780, only a break...
EURUSD extended its downside movement from 1.1472 to as low as 1.1277. Further decline is still possible and next target would be at 1.1215 support. Near term resistance is at 1.1340, only a breakout of this level...
USDCAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2782 (Oct 1 low). As long as the price is in the channel, the fall from 1.3317 could be treated...
USDJPY stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 112.30. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
AUDUSD is facing 0.7201 support, a breakdown below this level could take the price to 0.7100 area. Resistance is at 0.7277, only a break of this level would indicate that the downside movement from 0.7337 had completed...
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3174. As long as the price is below the trend line, the downside movement could be expected to continue and...
EURUSD remains in the downtrend from 1.1472, further decline could be expected and next target would be at 1.1250 area. Resistance is at 1.1383, only a break of this level could trigger another bullish movement towards 1.1500.
The simple moving average (SMA) is widely used in forex analysis. It is the simplest of all forex analysis moving average methods. The premise of the SMA is comparing the closing price of assets to the period...
USDCAD failed to break below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. Another rise could be expected in the coming days...
