The EUR/USD pair fell during the course of the day on Tuesday, as we are now below the 1.0750 handle. With this, we believe that the Euro continues to fall, and will eventually test the 1.05 level...
The AUD/USD pair went back and forth during the session on Tuesday, testing the 0.76 level. However, this is a market that looks like it wants to break down, and given enough time we believe it will....
USDCAD failed to break above 1.2835 resistance, indicate that lengthier sideways movement in the trading range between 1.2352 and 1.2835 is underway. Deeper decline would likely be seen, and the target would be at 1.2500 area.
USDJPY failed to break above 120.50 resistance, and pulled back from 120.36, indicating that the pair remains in downtrend from 122.02, and the rise from 118.33 could be treated as consolidation of the downtrend. Resistance is now...
AUDUSD is facing 0.7560 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.7000 area. Resistance...
No changed in our view, GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of...
EURUSD remains in downtrend from 1.1052, and the fall extended to as low as 1.0713. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance holds, the...
The USD/JPY pair had a very strong session on Monday, slicing through the 120 level during US trading. That being the case, the market looks very bullish and if we can break above the top of the...
The USD/CAD pair broke higher during the course of the session on Monday as we continue to see bullishness in this market. Quite frankly, the oil markets are doing absolutely nothing to benefit the Canadian dollar right...
The GBP/USD pair initially fell during the session on Monday, and sliced below the 1.48 level to start showing weakness. However, we found enough support there to turn things back around and form a hammer. This hammer...
