The EUR/USD pair continues to show weakness and lofty levels. I believe that this market is going to continue to consolidate between the 1.12 level, and the 1.1350 level on the top. At this point in time,...
The Australian dollar initially tried to rally during the course of the day on Friday, but turned right back around to form a very negative looking candle. We informed three shooting stars in a row on the...
AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. A long red candle closed below the .7600 major psychological support,...
USDCAD remains in uptrend from 1.2460, the price action from 1.3188 is likely consolidation of the uptrend. Another rise to 1.3600 area to complete the upward movement is possible over the next several weeks. Support is at...
USDJPY failed to break below 98.97 support, indicating that lengthier consolidation for the downtrend from 123.75 (Nov 18, 2015 high) is needed. Range trading between 98.97 and 107.48 would likely be seen over the next several weeks....
AUDUSD is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the uptrend from 0.7144 could be expected to continue, and next target would be at 0.8000...
GBPUSD stays within a trading range between 1.2795 and 1.3480. As long as 1.3800 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5016, and another fall to...
EURUSD stays in a upward price channel on daily chart and remains in uptrend from 1.0911. Near term support is at 1.1150, as long as this level holds, the uptrend could be expected to continue, and next...
The USD/JPY pair initially fell during the course of the day on Thursday, but turned right back around to form a bit of a hammer. Because of the 100 level below, I believe that it’s only a...
The USD/CAD pair initially fell during the day on Thursday but turned right back around to form a bit of a hammer. The hammer of course is a very strong sign, and as a result we may...
