GBPUSD broke above 1.4900 resistance, indicating that the downtrend from 1.5551 had completed at 1.4634 already. The pair is now in uptrend, further rise would be expected after consolidation, and the target would be at 1.5350 –...
EURUSD broke above 1.0700 resistance, indicating that the downtrend from 1.1450 had completed at 1.0462 already. However, the rise from 1.0462 would possibly be consolidation of the long term downtrend from 1.3993 (May 8, 2014 high), range...
GBPUSD made a strong bounce during the FOMC statement, as dollar bulls were disappointed to find out that the Fed lowered their growth and inflation forecasts. Although the statement no longer contained the “patient” wording in discussing...
The USD/JPY pair went back and forth during the day on Tuesday, essentially forming a hammer yet again. Because of this, the market looks as if it is completely supported below, probably finding a bit of a...
The USD/CAD pair fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This is the second hammer in a row, so we do believe that the...
The GBP/USD pair broke down during the session on Tuesday, slicing back below the 1.48 level. With that being the case, the market looks as if it’s ready to continue going lower, possibly down to the 1.45...
The EUR/USD pair tried to break out to the upside during the session on Tuesday, but ran into a significant amount of resistance above the 1.06 level. Because of this, the market ended up falling and forming...
The AUD/USD pair tried to break higher during the course of the session on Tuesday, but turned back around to form a shooting star. That being the case, the market looks as if it’s ready to go...
EURJPY might be done with its recent downtrend, as a short-term reversal pattern formed on its 1-hour time frame. A double bottom can be seen, with price currently testing the neckline of the formation. Moving averages have...
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2406. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
