AUDUSD stays in a trading range between 0.8540 and 0.8910. As long as 0.8910 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504, further decline to 0.8000 area...
GBPUSD 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 1.5000 area. On the upside, a clear break above the...
EURUSD failed to break above the upper line of the price channel on daily chart, indicating that the pair remains in downtrend from 1.3993. As long as the channel resistance holds, the downtrend could be expected to...
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but turned back around to form a shooting star. The shooting star suggests to us that the market is going to pull...
The USD/CAD pair initially tried to rally during the session here on Thursday, but fell back down and tested the 1.13 level. With that, it appears that the market should continue to find buyers just below, and...
The GBP/USD pair went back and forth during the course of the day on Thursday, testing the 1.57 level. The market showed a neutral candle, so quite frankly it’s almost impossible to imagine place a trade at...
The EUR/USD pair went back and forth during the course of the session on Thursday, testing the 1.25 level for support. It did in fact find it, but at the end of the day we continue to...
The AUD/USD pair initially fell during the course of the day on Thursday, testing the 0.86 handle. Because of that, we do forming a little bit of a hammer like candle and it suggests to us that...
USDJPY has been on a steady climb but it appears to be retreating from its latest rally. Price peaked close to the 119.00 handle then showed signs of retracement to the 116.50-117.00 levels. The Fibonacci tool...
After touching the downward trend line on 4-hour chart, USDCAD pulled back from 1.1369, indicating that the pair remains in downtrend from 1.1466. Further decline would likely be seen, and next target would be at 1.1200 area....
