GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and further decline to test 1.2865 (Aug...
EURUSD is now in short term downtrend from 1.1279. Deeper decline to test 1.1123 key support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 (Aug 18 high) has...
The USD/JPY pair went back and forth during the course of the session on Tuesday, ultimately forming a fairly neutral candle. The neutral candle is only neutral because we are sitting on top of the 100 level...
The USD/CAD pair went back and forth during the course of the session on Tuesday, bouncing around the 1.32 level. Now that we have broken above to a fresh, new high at one point during the session,...
The British pound initially fell during the day on Tuesday, but found enough support below to turn things around and shoot the market much higher. Ultimately, I believe that we will continue to go higher, but only...
The EUR/USD pair fell slightly during the course of the session on Tuesday, and as a result it looks as if we are ready to continue to go lower at this point in time. The real support...
The AUD/USD pair had a slightly positive session during the day on Tuesday, breaking above the 0.77 level for the briefest of moments. I believe that the market breaking above the top of the range during the...
EURUSD has formed lower highs and found support at the 1.1130 area, creating a descending triangle formation on its 4-hour chart. Price is currently testing the triangle resistance and might be due for a drop back towards...
AUDUSD’s upward movement from 0.7441 extended to as high as 0.7695. Key support is now at 0.7602, as long as this level holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance...
EURUSD broke below 1.1200 support that we mentioned yesterday, indicating that the rebound from 1.1123 had completed at 1.1279 already. Another fall to retest 1.1123 support could be expected, a breakdown below this level will signal resumption...
