GBPUSD is facing the support of the price channel on 4-hour channel. As long as the channel support holds, the uptrend from 1.2865 could be expected to resume, and next target would be at 1.3700 area. However,...
After touching that bottom of the price channel on 4-hour chart, EURUSD rebounded from 1.1198, indicating that the pair remains in uptrend from 1.1123, and the fall from 1.1326 would possibly be correction of the uptrend. Another...
Consider the common thread in these recent market calls: Forecast: A 70% decline in the base commodity that runs the industrialized world (when most traders were bullish). Forecast: A 30% plunge in shares of Wall Street’s favorite...
USDCAD moved sideways in a price channel on daily chart. As long as 1.2654 key support holds, the price action in the channel could be treated as consolidation of the uptrend from 1.2460, and further rise to...
USDJPY continued its sideways movement in a range between 98.97 and 107.48. Key resistance is at 107.48, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend...
AUDUSD’s upward movement may have completed at 0.7755 already. Key support is at 0.7489, a breakdown below this level could bring price to 0.6900 zone. However, as long as 0.7489 support holds, one more rise to 0.8000...
GBPUSD moved sideways without trend in a range between 1.2795 and 1.3480 for several weeks. As long as 1.3800 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, another fall...
EURUSD stays in the upward price channel on daily chart, indicating that the pair remains in uptrend from 1.0911. As long as the channel support holds, the uptrend could be expected to continue, and next target would...
USDCAD remains in downtrend from 1.3147, the rise from 1.2822 could be treated as consolidation of the downtrend. Further decline to test 1.2763 support is still possible after consolidation. Resistance is at 1.2970, only break above this...
USDJPY is in downtrend from 104.31. The rise from 101.20 is likely consolidation of the downtrend. Further decline is possible after consolidation, and next target would be at 100.00 area. Key support is at 99.52, a breakdown...
