NZDUSD has been trending lower on its weekly time frame, moving below a descending trend line connecting the latest highs of price action. Price is currently testing the downtrend line around the .6800 major psychological level and...
EURGBP is still inside its long-term range visible on the daily time frame and currently testing the resistance around the .7400-.7450 levels. If this area keeps gains in check once more, a move back towards the range...
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 1.2831. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.5000...
USDJPY continued its downward movement from 123.75, and the fall extended to as low as 120.00. Further decline would likely be seen in a couple of weeks, and next target would be at 118.00 area. Resistance is...
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the price action in the range could be treated as consolidation of the long term downtrend from 0.9504 (Jul...
GBPUSD’s downward movement from 1.5929 extended to as low as 1.4732. Further decline to test 1.4565 previous low support is possible next weeks. Resistance is at the downward trend line on daily chart, only a clear break...
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.2000 area. Support levels are at 1.0740 and...
The USD/JPY pair fell during the course of the day on Thursday, but bounced enough to form a bit of a hammer. Since we are bullish of this pair longer term anyway, we like this hammer and...
The USD/CAD pair initially tried to rally during the day on Thursday but then ended up selling off. Quite frankly, we believe that this market is simply trying to build up enough momentum to break above the...
The GBP/USD pair fell significantly during the course of the day on Thursday, breaking the back of a hammer from the Wednesday session. Because of this, and the fact that we close towards the bottom of the...
