GBPUSD remains in downtrend from 1.2569, the bounce from 1.2214 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair stays in...
After touching the top of the price channel on 4-hour chart, EURUSD pulled back into the channel, indicating that the pair remains in downtrend from 1.0828. Another fall to test 1.0493 support would likely be seen and...
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USD/JPY daily chart, March 06, 2017 The USD/JPY pair initially fell on Friday but turned around to show signs of strength again. By forming this hammer like candle, looks as if we’re going to push up against...
USD/CAD daily chart, March 06, 2017 The USD/CAD pair continues to show bullish pressure, as the market rallied on Friday. We are starting to get a little bit overextended, so I would not be surprised at all...
GBP/USD daily chart, March 06, 2017 The GBP/USD pair initially fell on Friday, but found enough support to form a hammer right at the 1.2250 level. This is an area that’s been minor support and resistance in...
EUR/USD daily chart, March 06, 2017 The EUR/USD pair bounced off the 1.05 level again, an area that has been rather supportive recently. If we can break above the top of the candle, I think the market...
The AUD/USD pair fell a bit during the day on Friday but found a bit of support at the 0.7550 level. The market has massive support at the 0.75 level as well, so I believe that it’s...
GBPUSD remains in downtrend from 1.2569, the rise from 1.2214 is likely consolidation of the downtrend. Resistance is at 1.2360, as long as this level holds, the downtrend could be expected to continue and next target would...
EURUSD failed to break below 1.0493 support and is now facing the channel resistance. As long as the pair stays in the channel, the price action from 1.0521 could be treated as consolidation of the downtrend from...
