USDCAD is in downtrend from 1.3280, the rise from 1.3047 would possibly be correction of the downtrend. As long as 1.3280 resistance holds, the downtrend could be expected to resume, and another fall towards 1.3000 is possible....
USDJPY’s upward movement from 100.08 extended to as high as 103.66. Further rise could be expected after a minor consolidation, and next target would be at 106.00 area. Support is at 102.50, as long as this level...
AUDUSD is facing 0.7589 support, a breakdown below this level will indicate that the uptrend from 0.7441 had completed at 0.7710 already, then the following downward movement could bring price to 0.7300 zone. On the upside, as...
GBPUSD’s downward movement from 1.3445 extended to as low as 1.2685. Further decline could be expected after a minor consolidation, and next target would be at 1.2500 area. Near term resistance is at 1.2850, as long as...
EURUSD failed to break below 1.1123 support and stayed in the trading range between 1.1123 and 1.1279. Sideways movement in the range could be expected to continue in a couple of days. Support is at 1.1123, a...
The USD/JPY pair broke higher during the course of the day on Tuesday, testing the 103 level. I believe that this market will continue to rally due to the fact that the Bank of Japan is sitting...
The USD/CAD pair broke above the top of the hammer from the previous session on Tuesday, slamming into the 1.32 handle. This is an area that offers quite a bit of resistance but with the Crude Oil...
The GBP/USD pair broke down significantly during the course of the day on Tuesday, slicing through the 1.2850 level. By doing so, looks as if the market will continue to go much lower, perhaps reaching down to...
The EUR/USD pair fell rather significantly during the course of the day on Tuesday, crashing into the 1.1150 level. I think if we can break down below the 1.11 level, the market will then break down to...
The Australian dollar fell during the day on Tuesday, as we continue to consolidate around the 0.7650 region. At this point in time, I very comfortable sitting on the sidelines as I don’t think there’s much of...
