The British pound fell rather hard during the day on Tuesday against the US dollar, as the 1.25 level offered too much resistance. However, I do see that there is another support level down at the 1.2250...
The EUR/USD pair broke down on Tuesday, as the 1.0750 level offered quite a bit of resistance. The market formed a very negative looking candle, and we are now testing the bottom of the 50-day exponential moving...
The Australian dollar fell a bit during the session on Tuesday, testing the 0.76 level underneath. We found a bit of support there, and the market bounced enough to show signs of volatility. I believe longer-term the...
USDCAD has formed lower highs and lower lows recently, creating a falling wedge chart pattern visible on the 4-hour chart. Price is currently testing the wedge resistance and may be due for a move back to support....
Close(SL) Sell AUD/NZD @ 1.04687 By Signal Factory | Loss: -40 pips | 2017.02.08 06:03 GMT Provided by signalfactory.com
USDCAD broke above 1.3168 resistance, indicating that the downtrend from 1.3387 had completed at 1.2968 already. Further rise could be expected in a couple of days, and the target would be at 1.3300 area.
USDJPY remains in downtrend from 118.66 (Dec 15, 2016 high). Further fall is still possible after a minor consolidation, and next target would be at 110.00 area. There is a downward trend line on 4-hour chart, which...
AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7695 is likely consolidation of the uptrend. Range trading between 0.7570 and 0.7695 would likely be seen in a couple of days and further...
GBPUSD broke below 1.2412 support, indicating that the uptrend from 1.1986 had completed at 1.2706 already. The pair is now in downtrend, further decline could be expected over the next several days, and next target would be...
EURUSD broke below the bottom of the price channel on 4-hour chart. However, as long as the pair is above 1.0620 support, the fall from 1.0828 could be treated as consolidation of the uptrend from 1.0340 and...
