EUR/USD daily chart, March 27, 2017 The EUR/USD pair initially fell during the day on Friday, but found enough support at the 1.0750 level to turn these around to form a hammer. It looks now as if...
AUD/USD daily chart, March 27, 2017 The AUD/USD pair went back and forth during the day on Friday but found enough support at the 50-day exponential moving average to find a bit of buying pressure. I think...
USDCAD stays in a ascending price channel on daily chart, implying that the pair remains in uptrend from 1.2968, and the fall from 1.3534 would possibly be correction of the uptrend. As long as the pair is...
USDJPY broke below 111.58 support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 105.00 area. Near term resistance is at 113.00,...
AUDUSD failed to break above 0.7778 resistance again and pulled back to 0.7600 area, indicating that lengthier consolidation for the uptrend from 0.7158 is needed. However, as long as the pair stays above 0.7490 support, another rise...
GBPUSD is forming a sideways consolidation in a trading range between 1.1946 and 1.2774. As long as the pair is below 1.2774 key resistance, the long term downtrend from 1.5016 could be expected to resume and another...
EURUSD is testing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616 (May 3, 2016...
AUDUSD found a possible bottom in December 2015 and has bounced higher. The pair has tried to test the December 2015 low but has been rejected twice, once in May 2016 and the second time in December...
USD/JPY daily chart, March 24, 2017 The USD/JPY pair had a choppy session on Thursday, testing the 200-exponential moving average and showing signs of volatility. If we can break above the top of the candle, the market...
USD/CAD daily chart, March 24, 2017 The USD/CAD pair initially tried to rally on Thursday, but found enough resistance to turn things around to form a shooting star. The shooting star of course is a negative sign...
