The GBP/USD pair rallied during the course of the session on Thursday, breaking well above the 1.30 level. However, the market is still very negative overall so I am simply waiting for some type of exhaustion candle...
The EUR/USD pair rallied during the course of the session on Thursday, reaching towards the 1.1250 level. However, this area does cause a bit of resistance going forward, and we did get back quite a bit of...
The Australian dollar initially rallied during the day on Thursday, but turned around to form a bit of a shooting star. The shooting star is very interesting candle for me, because it shows that the highs are...
EURJPY recently broke below support around the 114.00 major psychological level then dipped close to the 112.00 mark before pulling up. Applying the Fib tool on the latest swing high and low shows that this broken support...
USDCAD broke below 1.3100 support, indicating that the uptrend from 1.2822 had completed at 1.3248 already. Further decline could be expected over the next several days, and the target would be at 1.2800 area. Resistance is at...
USDJPY broke below 101.20 support and reached as low as 100.09. Further decline to test 99.52 support is still possible. Resistance is at 102.00, only break above this level will indicate that the downward movement from 104.31...
AUDUSD continued its upward movement from 0.7441, and the rise extended to as high as 0.7674. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the...
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 resume, and further decline to test 1.2865 support...
EURUSD failed to break below 1.1123 support. Sideways movement in a range between 1.1123 and 1.1326 would likely be seen over the next several days. Support is at 1.1123, a breakdown below this level will signal resumption...
USDJPY suffered a sharp selloff after the BOJ and FOMC policy decisions. Price is now moving close to the bottom of its descending triangle pattern visible on the 4-hour time frame. Another bounce off the 100.00 major...
