The GBP/USD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above. This of course is an area that has caused quite...
The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but then turn right back around to form a shooting star. The shooting star of course is a negative sign and could...
The Australian dollar had a very neutral candle as we continue to hover around the 0.7650 level. Having said that, I think that pullbacks will eventually bring back buyers, on signs of support. A break above the...
EURAUD failed to break past its double bottom neckline the other week but it still seems to be forming another reversal pattern on the 4-hour time frame. Price is still in the middle of completing its right...
USDCAD’s downward movement from 1.3147 extended to as low as 1.2826. Further decline to test 1.2763 support could be expected. Resistance is at 1.2925, only break above this level could signal completion of the downtrend.
USDJPY broke below 102.80 support, indicating that the upward movement from 99.52 had completed at 104.31 already. Further decline to test 99.52 support is possible in a couple of days, a breakdown below this level will indicate...
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.7755 had completed at 0.7489 already. Further rise to test 0.7755 resistance could be seen over the next several days. Support level...
GBPUSD’s upward movement from 1.3059 extended to as high as 1.3445. Further rise is still possible after a minor consolidation, and next target would be at 1.3600 area. Support is at 1.3275, only break below this level...
EURUSD broke above 1.1251 resistance, indicating that the downward movement from 1.1366 had completed at 1.1123 already. Further rise to test 1.1366 resistance would likely be seen over the next several days, a break of this level...
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turn right back around to form a rather negative candle. Ultimately, this is a market that should continue to grind all...
