AUDUSD broke above 0.7650 resistance, indicating that the downward movement from 0.7734 had completed at 0.7587 already. Further rise could be expected over the next several days, and next target would be at 0.7800 area. Support is...
EURUSD is in consolidation of the downtrend from 1.1279. Range trading between 1.0851 and 1.0935 would likely be seen in a couple of days. Near term resistance is at 1.0935, as long as this level holds, the...
The USD/JPY pair initially fell during the day on Monday, but turned around to form a green and bullish candle. However, we have not broken out and I still think that there is a significant amount of...
The USD/CAD pair rallied slightly during the day on Monday, as we continue to see bullish pressure in this market and the Canadian dollar continues to fall as energy markets are looking a bit heavy at this...
The GBP/USD pair went back and forth during the course of the day on Monday, as the market simply seems to be stabilizing around the 1.22 handle at the moment. However, I do recognize that there is...
The EUR/USD pair initially fell during the course of the day on Monday, but found enough support at the lows again to bounce. Ultimately, looks like we could bounce a little further but I’m waiting to see...
The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains. It appears that we will probably try to reach down towards the bottom of the recent...
EURGBP is still trending higher on its daily time frame, just slightly above the rising trend line connecting the recent lows of price action. Price is making a pullback to this support area, which lines up with...
USDCAD’s upward movement from 1.3005 extended to as high as 1.3397, the subsequent fall indicate that consolidation of the uptrend is underway. Range trading between 1.3200 and 1.3397 would likely be seen over the next several days.
USDJPY is facing 104.63 resistance, a break of this level will indicate that the uptrend from 100.08 has resumed, then further rise to 106.00 area could be seen. On the other side, as long as 104.63 resistance...
