USDJPY’s bounce from 101.20 can reach 103.35 only, the subsequent fall indicate that the pair remains in downtrend from 104.31. Further decline to 100.00 area would likely be seen over the next several days. Resistance is now...
AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7200 area. Resistance is at 0.7530, only break...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD is in downtrend from 1.1326, the rise from 1.1198 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.1000 area. Near term resistance is at 1.2385,...
The USD/JPY pair went back and forth during the course of the day on Tuesday, but then turned right back around to form a slightly positive candle. By doing so, the market looks as if we are...
The USD/CAD pair broke much higher during the course of the day on Tuesday, breaking well above the top of the shooting star from the Monday session. By doing so, it shows that the USD/CAD pair should...
The GBP/USD pair fell during the course of the session on Tuesday, breaking down below the 1.32 level. I believe eventually that this market continues to go lower, especially considering that the British pound itself is starting...
The EUR/USD pair went back and forth during the course of the session, forming a relatively neutral candle. By doing so, it looks as if the market simply has no idea which way to go, and at...
The AUD/USD pair broke down during the course of the session on Tuesday, breaking down below the bottom of the hammer from the Monday session. Ultimately, I believe that the 0.74 level below is essentially what we...
USDJPY has been trending lower on the longer-term time frames but it looks like an upside breakout and reversal might be due. Price is making another test of the descending channel resistance on the daily time frame...
