USDCAD remains in the short term downtrend 1.2778. Further decline to test 1.2413 support is still possible in the coming days. Near term resistance is at the top trend line of the price channel on its 4-hour...
USDJPY broke above 109.59 resistance, indicating that the short term downtrend from 110.94 is complete. Further rally could be expected in a couple of days and next target would be at 110.60 area. On the downside, as...
AUDUSD failed to break above 0.7962 resistance and pulled back to 0.7880 area. However, the fall would possibly be correction of the uptrend from 0.7807 and another rise towards 0.8065 could be expected after the correction. Support...
GBPUSD extended its downside movement from 1.3267 after failing in its attempt to break above 1.2915 resistance. Further decline is still possible and next target would be at 1.2750 area. Only break above 1.2915 resistance could signal...
EURUSD moved sideways in a trading range between 1.1662 and 1.1909. The sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and deeper decline towards the bottom support trend line of...
The mutual funds are the popular investment methods for years but now, as a competitor, the newly introduced investment method has come into the picture. The mutual funds have higher benefits so most of the traders prefer...
EURJPY rebounded from 127.56 after touching the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 114.85. As long as the price is in the...
USDCAD stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 1.2778. As long as the price is below the trend line, the downtrend could be expected to continue and next...
USDJPY is in downtrend from 110.94, the bounce from 108.60 could be treated as consolidation of the downtrend. Resistance is at 109.59, as long as this level holds, the downtrend could be expected to continue and further...
AUDUSD is facing 0.7962 resistance. A break above this level could signal resumption of the uptrend from 0.7807, then further rise to test 0.8065 resistance could be seen. Support levels are at 0.7870 and 0.7807, only break...
