USDJPY remains in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall towards 106.00 is possible after the correction. Near term support is at 109.00, a breakdown below this level...
AUDUSD failed to breakout of 0.7605 resistance and stayed in the trading range between 0.7476 and 0.7605. Another rise to test 0.7605 resistance is possible and a breakout of this level could take the price to 0.7650...
GBPUSD’s bounce from 1.3204 extended to as high as 1.3361. Further rise could be expected in a couple of days and next target would be at 1.3400, followed by 1.3617. Support levels are at 1.3250 and 1.3204,...
EURUSD’s downside movement from 1.1996 had completed at 1.1510 already. Further rise is possible in the coming days and next target would be at 1.1750, followed by 1.2000. Support levels are at 1.1600 and 1.1510, only break...
Forex trading is a game of risk, and it’s no surprise that most traders actually lose money on their investments. Some reports being circulated put the actual figure at an astonishing 95%, even though the source of...
USDCAD broke above 1.2997 resistance, suggesting that the upside movement from 1.2526 has resumed. Further rise would likely be seen and next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this...
USDJPY is now in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 108.11 support could take the price to...
AUDUSD is in consolidation for the downtrend from 0.8135. Range trading between 0.7412 and 0.7650 would likely be seen in a couple of weeks. The key resistance is at the falling trend line on the daily chart....
GBPUSD stays in a falling price channel on its daily chart and remains in the downtrend from 1.4376. As long as the channel resistance holds, the bounce from 1.3204 could be treated as consolidation for the downtrend...
EURUSD remains in the downtrend from 1.2555, the bounce from 1.1510 is likely consolidation for the downtrend. Near term resistance is located at the top trend line of the price channel on the daily chart. As long...
