The EUR/USD pair broke out during the day on Tuesday, as we continue to see bullish pressure. I believe the market is probably going to reach towards the 1.10 level above, which is a large, round, psychologically...
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different. However, we are still consolidating as far as I can see so therefore I don’t have any interest...
There are a lot of misconceptions around about forex trading. Most people hear mention of the word ‘trading, ’ and they assume that it must be very complex. In fact, you participate in the forex market every...
EURUSD is moving inside an ascending channel on its 4-hour chart and is currently approaching the resistance at 1.0950 to 1.1000. If this area keeps gains in check, the pair could head back to support at the...
USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3223. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would...
USDJPY’s upward movement from 108.13 extended to as high as 111.39. Further rise could be expected over the next several days, and next target would be at 112.00 area. Support levels are at 110.50 and 110.00, as...
GBPUSD moved sideways in a trading range between 1.2756 and 1.2904. Near term support is at 1.2700, as long as this level holds, the price action from 1.2904 could be treated as consolidation of the uptrend from...
EURUSD’s upward movement from 1.0569 extended to as high as 1.0950. Key support is at 1.0820, as long as the pair is above this level, the uptrend could be expected to continue, and next target would be...
AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400...
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