The EUR/USD pair fell during the session on Wednesday, but found enough support underneath to form a hammer. It looks as if the pair is going to consolidate between the 50-day exponential moving average and the 100-day...
The AUD/USD pair rallied during the day on Wednesday, showing signs of life again. This is a market that has recently rallied, and thus it looks as if the 0.75 level is going to continue to be...
Close(SL) Sell USD/JPY @ 112.372 By Signal Factory | Loss: -40 pips | 2017.02.09 07:42 GMT Provided by signalfactory.com
Close(SL) Sell GBP/JPY @ 140.559 By Signal Factory | Loss: -40 pips | 2017.02.09 07:14 GMT Provided by signalfactory.com
EURJPY is trending lower after recently breaking below its consolidation pattern with support at 121.00-121.50. Price is now moving inside a descending channel and testing support, possibly setting the stage for a pullback to the resistance. Applying...
Close(SL) Sell EUR/AUD @ 1.40406 By Signal Factory | Loss: -40 pips | 2017.02.09 03:12 GMT Provided by signalfactory.com
USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely consolidation of the uptrend. Further rise is still possible after consolidation, and next target would be at 1.3300 area.
USDJPY stays below the downward trend line on 4-hour chart and remains in downtrend from 118.66 (Dec 15, 2016 high). As long as the trend line resistance holds, the downtrend could be expected to continue and next...
AUDUSD is in consolidation of the uptrend from 0.7159. Range trading between 0.7570 and 0.7695 would likely be seen in a couple of days and further rise to 0.7800 is possible after consolidation. Key support is at...
GBPUSD is now in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only...
