USDCAD has formed higher lows and higher highs, creating a rising wedge formation visible on its 4-hour chart. Price is currently testing the wedge support at 1.3185 and could be due for a breakout soon. If support...
EURAUD was recently in a downtrend before price formed an inverse head and shoulders pattern on its 1-hour time frame. Price has yet to break past the formation’s neckline around the 1.4775 level before confirming the potential...
USDCAD’s upward movement from 1.3047 extended to as high as 1.3313. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to...
USDJPY failed to break above 104.31 resistance. However, another rise to test this level is still possible after a minor consolidation. Support is at 102.30, only break below this level could bring price back to 100.50 zone.
AUDUSD’s downward movement from 0.7710 extended to as low as 0.7552. Further decline is still possible in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7660, only break above this...
GBPUSD’s downward movement from 1.3445 extended to as low as 1.1946. Consolidation is needed over the next several days, and the trading range would be between 1.2150 and 1.2550.
EURUSD stays below the downward trend line on 4-hour chart, and remains in short term downtrend from 1.1279. As long as the trend line resistance holds, the rise from 1.1104 could be treated as consolidation of the...
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USDCAD is testing the resistance of the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level...
USDJPY continued its sideways movement in a range between 98.97 and 107.48. Key resistance is at 107.48, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 123.75 (Nov...
