USDJPY’s upward movement from 101.18 extended to as high as 117.85. Key support is now at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00...
AUDUSD’s upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal...
GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is...
EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break...
The USD/JPY pair rallied slightly during the day on Tuesday, as the 115 level offered a little bit of support. This is a market that has been extraordinarily bullish as of late, so I think it’s only...
The USD/CAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line. Oil looks a little bit soft, so we could see the market turned things back around and...
GBP/USD The British pound initially tried to rally during the day on Tuesday, but found the 50% Fibonacci retracement level at the 1.27 level be far too resistive to continue going higher. By doing so, we rolled...
The EUR/USD pair went back and forth during the day on Tuesday, showing signs of support. However, I feel that the market has much more resistance of the 1.0750 level. Above there, I think there is resistance...
The Australian dollar initially tried to break above the 0.75 level during the day on Tuesday, but pulled right back down to form a candle that almost serves as a shooting star. On a break below the...
AUDUSD is slowly trending higher, moving inside a rising wedge pattern visible on its 1-hour and 4-hour charts. Price is testing the resistance and could be due for a move back to support at the .7475 level....
