USDCAD is testing 1.3456 resistance, a break of this level will indicate that the uptrend from 1.1919 has resumed, then next target would be at 1.4000 area. Near term support is at 1.3200, only break below this...
No changed in our view, USDJPY remains in short term uptrend from 118.16, the fall from 123.75 is treated as consolidation of the uptrend. Further rise to test 125.85 resistance is possible, a break of this level...
AUDUSD is facing 0.7439 resistance again, a break of this level will indicate that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6907 already, then the following upward movement could bring price to 0.8000...
GBPUSD is in a descending wedge pattern on daily chart. Further decline would likely be seen over the next several weeks, and the target would be at 1.4700 – 1.4800 area. Near term resistance is at the...
Being contained by 1.0462 (Mar 13 low) support, EURUSD rebounded strongly to 1.0981, indicating that the downward movement from 1.1713 had completed. Further rally could be expected over the next several weeks, and the target would be...
The USD/JPY pair bounced during the day on Friday as the employment numbers came out much stronger than anticipated. When the US jobs numbers go up, it’s quite common for this pair to do the same. It...
The USD/CAD pair went back and forth during the course of the day on Wednesday as we got employment numbers out of both the United States and Canada. Because of this, the market would always be volatile...
The GBP/USD pair fell slightly during the course of the session on Friday, as we collected some of the gains from the Thursday session. Ultimately though, we recognize that the market had a very bullish run recently,...
The EUR/USD pair fell slightly during the course of the session on Friday, as the previous uptrend line now is offering quite a bit of resistance. On top of that, the 1.10 level above is a large,...
The AUD/USD pair went back and forth during the course of the day on Friday, testing the 0.74 level. We ultimately pulled back to form a bit of a neutral candle, but the range is getting wider...
