GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD moved sideways in a trading range between 1.2357 and 1.2599. As long as the channel resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, another fall to...
The USD/JPY pair rose slightly during the session on Friday, as we continue to show strength in this market. After all, the US dollar is the favored currency by Forex traders around the world, so it’s very...
The USD/CAD pair rose during the session on Friday, testing the highs again. We think that a pullback in becoming but quite frankly that will be value as the US dollar should be strong going forward. That...
The GBP/USD pair fell during the course of the day on Friday, testing the lows yet again. Because of this, we feel that it’s only a matter of time before the GBP/USD pair will head to the...
The EUR/USD pair tried to rally during the session on Friday, but found the 1.25 level to be a bit too resistive yet again, and then pullback to form a shooting star. That being the case, the...
The AUD/USD pair tried to rally during the course of the session on Friday, but turned back around and formed a shooting star. The shooting star at the bottom of the downtrend does in fact suggests that...
Here are the Top 5 Forex Developments for the trading week between 11/24/14 through 11/28/14: Number One: UK GDP The UK economy continued to expand at a strong pace. The reported annualized growth rate of 3.0% has...
USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session. This could be a sign that the pair is in for at least 150 pips in gains, which is the...
AUDUSD might be in for another major retracement, as price could make its way up to the falling trend line connecting the latest highs of price action. The pair previously broke through support around the .8700-.8800 major...
