EURUSD failed to break below 1.3258 support and stayed in the trading 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...
GBPJPY formed a double top pattern on its 1-hour forex chart, hinting that a potential sellof is in the cards. The pair is still a hundred pips away from testing the neckline support at the 184.00 levels....
The USD/JPY pair initially went higher during the course of the session on Monday, and as you can see there really wasn’t much in the way of a range to trade. The market is simply sitting just...
The USD/CAD pair had a strong will higher during the course of the day on Monday, testing the 1.13 handle. That area of course has been supportive in the past so it’s not a big surprise that...
The GBP/USD pair fell during the initial part of the session on Monday, and then bounced to form a hammer. We are just below the 1.57 level, so it appears that the market is going to run...
The EUR/USD pair initially fell during the course of the day on Monday, but as you can see bounced enough to break back above the 1.24 handle. However, this is a market that is most certainly in...
The AUD/USD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time. We tested the 0.86 level, which is just above the support so on that we are looking...
USDCHF has been moving sideways recently, creating a range between support at the .9575 area and resistance at .9725. The simple moving averages are criss-crossing, confirming the range-bound market behavior. Price just came off a test of...
Here are the Top 5 Forex Developments for the trading week between 11/17/14 and 11/21/14: Number One: Japanese GDP The Japanese economy tanked into a recession in the third-quarter as Abe’s Abenomics once again after his sales...
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame. Price is still a few pips away from the neckline around the .8800 major psychological level...
