AUDUSD broke above 0.7688 resistance, indicating that the downward movement from 0.7734 had completed at 0.7557 already. Further rise could be expected and next target would be at 0.7800 area. Support is at 0.7600, only break below...
GBPUSD broke above 1.2332 resistance and reached as high as 1.2494. Further rally is still possible and next target would be at 1.2600 area. Support is at 1.2330, only break below this level will indicate that the...
EURUSD remains in uptrend from 1.0851, the fall from 1.1126 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...
The USD/JPY pair fell significantly during the session on Wednesday, as we reach down towards the 103 level. This is an area that should be supportive again, and therefore I’m looking for a supportive candle in order...
The USD/CAD pair went back and forth during the day on Wednesday, as the market looks very exhausted at the moment. However, I would be the first one point out that there is quite a bit of...
The GBP/USD pair rallied during the day on Wednesday, as we continue to find quite a bit of support just below. However, I see massive amount of resistance above here that could continue to push much lower....
The EUR/USD pair continued to grind higher during the day on Wednesday, as fears over a switch in the expected outcome of the presidential election in the United States of course has have the US dollar falling....
The Australian dollar initially fell during the day on Wednesday, but turned around to form a relatively supportive looking candle. There is a lot of noise above though, so I’m not willing to start buying at this...
EURAUD recently broke below support around the 1.4600 major psychological level then dropped to a low of 1.4125. From there, price showed signs of a pullback and is currently testing the 61.8% Fibonacci retracement level. The...
USDJPY broke below 103.16 support, indicating that the upward movement from 100.08 (Sep 27 low) had completed at 105.53 already. Deeper decline could be expected after a minor consolidation, and next target would be at 101.00 area....
