After touching 1.2557 resistance, GBPUSD pulled back to 1.2495, indicating that the pair remains in downtrend from 1.2615, and the price action from 1.2376 could be treated as consolidation of the downtrend. Deeper decline to test 1.2365...
Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be...
The term ‘price channel’ refers to a special graphical tool used by Forex traders to make buying and selling decisions. On the one hand, it is quite a complex tool, because the data it provides is influenced...
USDCAD broke below 1.3264 support. Further decline is still possible after a minor consolidation and next target would be at 1.3150 area. Near term resistance is at 1.3300, as long as this level holds, the downtrend will...
USDJPY’s downward movement from 111.57 extended to as low as 108.81. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this...
AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already. Further rise could be expected and next target would be at 0.7570, followed by 0.7600. Support levels are at 0.7500...
GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the...
EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area....
A forex trader must master many analysis techniques and strategies to trade successfully. Studying chart pattern is one of the most common practices in Forex trading. These charts give reliable entry and exit points for the potential...
USDCAD remains in downtrend from 1.3455. Further decline is possible in a couple of days, and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.
