AUDUSD is in consolidation of the downtrend from 0.7731. Range trading between 0.7441 and 0.7567 would likely be seen over the next several days. Resistance is now at 0.7567, as long as this level holds, the downtrend...
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 1.2900 area is...
EURUSD moved sideways in a narrow range between 1.1198 and 1.1285. As long as 1.1285 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.1326, and further decline to...
The USD/JPY pair initially tried to rally during the course of the session on Wednesday, but turn right back around to form some type of shooting star. This being the case, it’s likely that we will have...
The USD/CAD pair went back and forth during the course of the day on Wednesday, as we turned right back around to form a slightly positive candle. However, I think the 1.32 level of course is resistive...
The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break...
The Euro rose again against the US dollar, but we are still very much stock in the consolidation area that we have been in for some time now. I believe that the larger consolidation area extends all...
The AUD/USD pair initially tried to fall, but then turned around to slam into the 0.75 level. Ultimately, this is a market that is at fairly low levels, but I also feel that the market could be...
USDCAD has formed higher lows and found resistance at the 1.3200 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the resistance, still deciding whether to go for a...
USDCAD’s upward movement from 1.2822 extended to as high as 1.3208. Further rise could be expected after a minor consolidation, and next target would be at 1.3400 area. Support level is now at 1.3125, as long as...
