AUDUSD’s upward movement from 0.7144 extended to as high as 0.7755. Further rise could be expected after a minor consolidation, and next target would be at 0.8000 area. Support is at 0.7400, only break below this level...
GBPUSD stayed in the trading range between 1.2795 and 1.3480. As long as 1.3800 level holds, the price action from 1.2795 could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.2000 area...
EURUSD is facing the downward trend line resistance again. A clear break above the trend line resistance will indicate that the downtrend from 1.1616 had completed at 1.0911 already, then the following upward movement could bring price...
The USD/JPY pair initially tried to rally during the course of the session on Thursday, but turned back around to form a bit of a shooting star. The shooting star of course is a negative sign, but...
The USD/CAD pair initially tried to rally during the course of the session on Thursday and then turned right back around to form a negative candle. We are approaching the 1.30 level, and subsequently a nice trend...
The GBP/USD pair fell slightly during the course of the day on Thursday, breaking below the 1.30 level. However, there is quite a bit of support all the way down to the 1.28 level below, so with...
EUR/USD pair initially fell during the course of the session on Thursday, but turned around to form a hammer. The hammer of course suggesting that we are going to continue see bullish pressure. However, I don’t like...
The AUD/USD pair went back and forth during the course of the session on Thursday, but looks very supportive and therefore I feel it’s only a matter of time before the Australian dollar continues to grind its...
EURAUD has been trading sideways recently, moving inside a range between support at the 1.4450 minor psychological level and resistance at the 1.4525 area. Price seems to be on its way to test the top of the...
The USD/JPY pair fell during the course of the session on Wednesday, but at this point in time I believe that there is quite a bit of a “floor” in this market near the 100 level. Because...
