USDCAD broke below the bottom trend line of the bullish price channel on its daily chart, indicating that the uptrend from 1.2968 had completed at 1.3793 already. The pair is now in downtrend, as long as the...
USDJPY failed to break below 108.13 support and rebounded from 108.81, indicating that the correction pullback from 114.36 is complete. Further rally to test 112.12 resistance could be expected, a break through this level could trigger another...
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7635. The uptrend could be expected to continue and next target would be at 0.8000 area. Near term support is at 0.7500,...
GBPUSD broke below 1.2755 support and is now in downtrend from 1.3047. Further decline would likely be seen over the next several weeks, and next target would be at 1.2300 area. Resistance levels are at 1.2870 and...
EURUSD broke below the rising trend line on the daily chart. However, as long as the pair is above 1.1070 support, the fall from 1.1295 could be treated as consolidation of the uptrend from 1.0569, and another...
The USD/JPY pair shot higher initially during the day on Friday, but found enough resistance near the 111.40 level to turn around and fall. We are essentially forming a neutral candle for the day, but I think...
The USD/CAD pair fell during most of the session on Friday as well got a little bit of a relief rally. However, we don’t see on this hourly chart is that we are approaching the uptrend line...
The British pound rose slightly during the day on Friday, grinding towards the 1.28 handle. The 1.28 level is obviously offering a bit of resistance, but it appears that the market is stubbornly trying to break above...
The EUR/USD pair shot higher on Friday, slamming into the 1.12 region. This is an area that begins a lot of noise though, so I’m not real sure that we can break out above year. The weekly...
The Australian dollar shut higher initially during the day on Friday, but then pulled back to test the opening again, only to rally and reach towards the 0.7625 handle. We found a bit of resistance there, so...
