The AUD/USD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap. The 0.85 level looks like it’s still continuing to cause bearish pressure, so...
USDJPY has been on a strong climb in the past month, with the pair currently testing the rising trend line on the 1-hour forex time frame. A bounce off this support zone could lead to a rally...
USDCAD failed to break above 1.1466 resistance, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline would likely be seen, and the target would be at 1.1200 area.
USDCHF continued its sideways movement in a range between 0.9531 and 0.9739. As long as 0.9531 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9370, another rise to...
USDJPY remains in uptrend from 105.32, the price action from 118.97 is likely consolidation of the uptrend. Support is now at 117.23, as long as this level holds, the uptrend could be expected to continue, and next...
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795, the rise from 0.8416 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
After touching 1.5590 support, GBPUSD bounced back into the trading range between 1.5590 and 1.5825, indicating that lengthier consolidation for the downtrend from 1.6182 is needed. However, as long as 1.5825 resistance holds, the downtrend could be...
EURUSD continued its sideways movement in a range between 1.2358 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2867, one more fall...
The rejection of the Swiss gold initiative led to a bounce off the bottom of the ascending triangle on USD/CHF’s 4-hour forex chart. Price is now on its way to test the resistance of the chart pattern...
USDCAD is facing 1.1466 resistance, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. Support is at 1.1380, only break below this...
