USDCAD broke below 1.3011 support, indicating that consolidation for the long term uptrend from 0.9406 (Jul 26, 2011 low) is underway. Further decline could be expected after correction, and the target would be at 1.2500 area. Resistance...
USDJPY is forming a sideways consolidation in a narrow range between 118.58 and 121.62. Further rise could be expected after consolidation, and next target would be at 125.00 area. Key support is at 116.13, only a break...
AUDUSD failed to break below 0.6907 support and 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...
GBPUSD is in downtrend from 1.5929, the rise from 1.5107 is likely consolidation of the downtrend. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are...
EURUSD moved sideways in a narrow range between 1.1087 and 1.1460. The price action in the range is likely consolidation of the downtrend from 1.1713. Another fall could be expected after consolidation and next target would be...
The USD/JPY pair broke higher during the course of the session on Friday, but quite frankly not far enough to get us interested. It appears of this market is going to continue to be volatile and choppy,...
The USD/CAD pair initially fell significantly during the course of the session on Friday, but found enough buyers below to turn things back around and form a hammer. The hammer of course suggests that we could bounce...
The GBP/USD pair fell during the course of the day on Friday, taking back most of the gains from the Thursday session. With that being said, looks like we could drift a little bit lower from here,...
The EUR/USD pair broke higher during the course of the session on Friday, clearing the top of the shooting star from Thursday. With that being the case, the market looks as if it is ready go higher,...
The AUD/USD pair broke higher during the course of the session on Friday, as we continue to grind our way towards the 0.7350 level. We are broken above to significant shooting stars now, so at this point...
