AUDUSD failed to break above 0.7439 resistance, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the rise from 0.6907 could be treated as consolidation of the downtrend. Another fall towards 0.6500...
GBPUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.5929. Resistance is at the top of the channel. As long as the channel resistance holds, the downtrend could be expected to...
EURUSD broke below 1.1087 support, indicating that the downtrend from 1.1713 had resumed. Further decline could be expected over the next several weeks, and next target would be at 1.0600 area. Resistance levels are at 1.1250 and...
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support just above the 120 level to turn things back around and form a very impulsive looking green candle. That being...
The USD/CAD pair initially fell during the course of the session on Friday, but then turned back around to form a massive bullish candle. With that being the case, we feel that the market pulling back should...
The GBP/USD pair fell significantly during the day on Friday, as we slammed into the 1.53 level. Because of this, we feel that the market will continue to drift lower and eventually hit the 1.52 level. That...
The EUR/USD pair fell again during the session on Friday, as we continue to plunge towards the uptrend line that had been the bottom of the ascending triangle. The 1.10 level has been important time and time...
The AUD/USD pair initially tried to rally during the course of the day on Friday but turned back around to form a significant shooting star. However, there is quite a bit of support just below current area...
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level. However, the latest ECB statement triggered a...
The USD/JPY pair broke higher during the course of the session on Thursday as we cleared the 120 handle. This was probably a bit of a “knock on effect” as the US dollar strengthened due to the...
