EURUSD broke below 1.2335 support, suggesting that lengthier consolidation for the uptrend from 1.1554 (Nov 7, 2017 low) is underway. As long as the price is below the falling trend line on the 4-hour chart, the downside...
USDCAD is facing 1.2590 resistance. A breakout of this level would suggest that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750 area could be seen. Near term support is at 1.2430,...
USDJPY failed to break below 108.28 support and stayed in the trading range between 108.28 and 110.48. The price action in the trading range could be treated as consolidation of the downtrend from 113.75, and another fall...
AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.8135. As long as the price is in the channel, the bounce from 0.7835 could be treated as consolidation of...
GBPUSD’s downside movement from 1.4345 extended to as low as 1.3836. Further decline is still possible after a minor consolidation and next target would be at 1.3650 area. Resistance is at 1.4080, only break above this level...
After touching 1.2335 support, EURUSD rebounded into the trading range between 1.2335 and 1.2537, suggesting that the pair remains in the uptrend from 1.1717 (Dec 12, 2017 low), and the price action from 1.2537 could be treated...
Volatility is picking up steam — and it’s more than just Bitcoin and U.S. stocks that deserve your attention. A recent report by Goldman Sachs concludes that right now is, “…the best backdrop to own commodities since...
USDCAD extended its upside movement from 1.2247 to as high as 1.2565, facing 1.2590 resistance. A breakout of this level will indicate that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750...
USDJPY dropped sharply from 110.48 to as low as 108.54, facing 108.28 support. A breakdown below this level will indicate that the downtrend from 113.38 has resumed, then next target would be at 107.31 support. Near term...
AUDUSD extended its downside movement from 0.8135 to as low as 0.7855. Further decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is at 0.7955, only break above this...
