USDJPY broke above 113.00 resistance, indicating that the short term downtrend from 113.75 had completed at 112.03 already. Further rally would likely be seen and next target would be at 113.75 resistance. Near term support is at...
AUDUSD moved sideways in a narrow range between 0.7635 and 0.7694. As long as 0.7635 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7501 and a breakout of 0.7694 resistance could...
GBPUSD continued its sideways movement in a trading range between 1.3301 and 1.3466. As long as 1.3466 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3549, and further decline is till...
EURUSD is facing 1.1862 resistance. A breakout of this level could indicate that the downside movement from 1.1961 had completed at 1.1717 already, then the following upside movement could take price to next resistance level at 1.1961....
Commodities has typically been a market that rails against forex. Whilst both markets drive growth and capital in the countries they’re hosted, they have pull and push effects against each other and the other major markets, with...
USDCAD is testing 1.2916 (Oct 27 high) resistance. A breakout above this level could take price to 1.3100 area. Support is at 1.2800, below this level could bring price back towards 1.2713 support. A breakdown below this...
USDJPY remains in the downtrend from 113.75, the bounce from 112.03 could be treated as consolidation of the downtrend. Resistance is at 113.00, as long as this level holds, the downtrend could be expected to continue and...
No changed in our view, AUDUSD remains in the uptrend from 0.7501, the pullback from 0.7694 could be treated as consolidation of the uptrend. Range trading between 0.7580 and 0.7694 would likely be seen in a couple...
GBPUSD moved sideways in a trading range between 1.3301 and 1.3466. The sideways movement is likely consolidation of the downtrend from 1.3549. As long as 1.3466 resistance holds, the downtrend could be expected to resume, and a...
EURUSD moved sideways in a trading range between 1.1717 and 1.1862. As long as 1.1862 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1961, and further decline could be expected after...
