USDJPY moved sideways in a narrow range between 120.66 and 122.02. As long as 120.66 support holds, the price action in the range could be treated as consolidation of the uptrend from 118.23, another rise to 125.00...
AUDUSD remains in downtrend from 0.7912, the rise from 0.7560 is likely consolidation of the downtrend. Near term resistance is at the top of the channel, as long as the channel resistance holds, the downtrend could be...
GBPUSD remains in downtrend from 1.5551, the rise from 1.4698 is likely consolidation of the downtrend. Resistance is at 1.4900, as long as this level holds, the downtrend could be expected to continue and next target would...
EURUSD remains in downtrend from 1.1450, the rise from 1.0462 is likely consolidation of the downtrend. Range trading between 1.0462 and 1.0700 is possible in a couple of days. As long as 1.0700 resistance holds, the downtrend...
The USD/JPY pair fell during the session initially on Monday, but found enough support underneath to turn things back around and form a hammer. With this, it looks like the USD/JPY pair will continue to go higher....
The USD/CAD pair initially fell during the session on Monday, but found enough support near the 1.2750 level to turn things back around and form a hammer. This shows that we are without a doubt very well...
The GBP/USD pair broke higher during the course of the session on Monday, slicing back above the 1.48 level. That being the case, the market looks as if we are testing the resistance barrier that extends all...
The EUR/USD pair rose during the session on Monday, but then struggled at the 1.06 handle. With that being the case, the market looks as if it’s ready to continue going lower, but we also recognize that...
The AUD/USD pair tried to break out to the upside during the session on Monday, but pullback to form a bit of a shooting star. With that, it looks as if the market is ready to continue...
EURUSD has been treading lower across all time frames but it seems that a short-term reversal might take place. On its 1-hour chart, the pair has formed a double bottom pattern, indicating that the downtrend could turn....
