GBPUSD stays in the falling price channel on its 4-hour chart and remains in the downtrend from 1.3617. As long as the channel resistance holds, the bounce from 1.3204 could be treated as consolidation for the downtrend...
EURUSD is facing the resistance of the top trend line of the price channel on the 4-hour chart. A breakout of the channel resistance could bring the price back to test next resistance level at 1.1750. Above...
USDCAD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 1.2728. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY extended its downside movement from 111.39 to as low as 108.11. Further decline is still possible after a minor consolidation and next target would be at 107.00 area. Resistance is at the top trend line of...
AUDUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 0.7412 had completed at 0.7605 already. Further decline could be expected in the coming days...
GBPUSD extended its downside movement from 1.3617 to as low as 1.3204. Resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the downside movement...
EURUSD extended its downside movement from 1.1996 to as low as 1.1510. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
Forex trading is the buying and selling of currencies in a global market. It is a decentralized industry where traders interact over the counter. This market is huge and immensely liquid due to a trading volume which...
USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance. Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on...
USDJPY broke below 108.95 support, suggesting that the downside movement from 111.39 has resumed. Further decline could be expected and next target would be at 108.00 area. Resistance is now at 109.82, as long as this level...
