USDCAD is facing 1.3588 resistance, a break of this level will confirm that the uptrend from 1.2460 has resumed, then next target would be at 1.3800 area. Support is at the bottom of the price channel on...
USDJPY remains in uptrend from 101.18, the fall from 118.66 is likely consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue and next target...
AUDUSD’s downward movement from 0.7778 extended to as low as 0.7159. Further decline is still possible over the next several weeks, and next target would be at 0.6900 area. Near term resistance is at the downward trend...
GBPUSD is in short term downtrend from 1.2774. Deeper decline to test 1.1946 support is possible over the next several days. Near term resistance is at 1.2500, only break above this level would trigger another rise towards...
EURUSD remains in downtrend from 1.1366. Further decline could be expected after a minor consolidation and next target would be at 1.0000 area. Key resistance is at 1.0873, only break above this level could bring price back...
The USD/JPY pair went back and forth during the day on Thursday, as it looks like we are running out of steam. Ultimately, I do believe that the buyers returned but we need a pullback to pick...
The USD/CAD pair broke higher during the day on Thursday, testing the 1.35 level for resistance. We turned around at that level, so of course it looks as if we are going to struggle to break above...
The British pound fell on Thursday, as we continue to grind lower. In fact, we have broken below the 1.23 level, so it looks as if the market will probably continue down to the 1.21 Anna below....
The EUR/USD pair rose on Thursday, but found quite a bit of resistance at the 1.05 level. This is an area that was massively supportive in the past, so it’s not a surprise that it is resistive...
The Australian dollar had a volatile session on Thursday as we continue to bang around at fresh, new lows. I believe that the market is going to reach down to the 0.70 level underneath, and at this...
