USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. Another fall to test 1.2352 support would likely be seen, a breakdown below this level will target 1.2200 area. Key resistance is now at...
USDJPY is facing 120.47 resistance again, a break of this level will signal resumption of the uptrend from 101.06 (Jul 10, 2014 low), then the following upward movement could bring price to 125.00 area. Support is at...
No changed in our view, AUDUSD remains in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed,...
GBPUSD’s downward movement from 1.5551 extended to as low as 1.5215. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected...
EURUSD’s downward movement from 1.1450 extended to as low as 1.0987. Further decline could be expected, and next target would be at 1.0800 area. Resistance is now at 1.1165, as long as this level holds, the downtrend...
The USD/JPY pair initially fell during the course of the day on Wednesday, but as you can see found enough support to turn things back around and form a hammer. In fact, this is the second hammer...
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but struggled above the 1.25 level yet again. By doing so, we ended up breaking down again, heading to the 1.24 region....
The GBP/USD pair broke down during the session on Wednesday, testing the 1.5250 region. With that being the case, it appears of the market is going to continue going lower, but we need to see the market...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.11 level. This suggests that the market is ready to go down to the longer-term target that we have been talking about, the 1.10 level....
The AUD/USD pair initially tried to break out to the upside on Wednesday, but turned back around to form a shooting star. Looking at this market, you can see that the market continues to go sideways overall....
