AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7337. Further decline to test 0.7310 support is possible, a break below this level will signal resumption of the longer term downtrend...
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2376. Further decline could be expected and next target would be at 1.2250 area. Resistance is at 1.2550, as long as this level holds, the downtrend will...
EURUSD broke below 1.0462 (Mar 13, 2015 low) support, indicating that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed. Further decline could be expected and next target would be at 1.0200 area. Resistance...
The US dollar did very little during the day against the Japanese yen as we awaited Federal Reserve interest rate statement. Ultimately, this is a market that every tally pullback there should be buyers below, and as...
The US dollar initially fell during the session on Wednesday but found enough support at the previous uptrend line that we turned around and formed a bit of a hammer. The suggest that we could rally, but...
The GBP/USD pair had a slightly positive candle form for the Wednesday session. The 1.27 level continues to attract a lot of noise though, so having said that I think that it will remain choppy. If we...
The EUR/USD pair had a slightly positive Wednesday, as we continue to bounce around and show signs of consolidation. I believe that there is a significant amount of resistance near the 1.0750 level above, so if we...
The Australian dollar went back and forth during the day on Wednesday, breaking above the 0.75 level. At this point, a rally will continue to face a little bit of trouble above, but more importantly you have...
AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing. Applying the Fib tool on the breakdown move shows that the 50% level lines up with the broken wedge...
USDCAD broke above the downward price channel on 4-hour chart, indicating that the downtrend from 1.3536 had competed at 1.3080 already. Further rally could be expected after a minor consolidation and next target would be at 1.3500...
