USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9739, the rise from 0.9531 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 105.32, the fall from 118.97 is likely conolidation of the uptrend. Support is at the bottom of the channel, as long as...
AUDUSD is facing 0.8540 support, a breakdown below this level will indicate that the downtrend from 0.8910 has resumed, then next target would be at 0.8400 area. Resistance is at 0.8670, as long as this level holds,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, and the rise from 1.5590 could be treated as consolidation of the downtrend. Resistance is at the downward trend line on...
EURUSD remains in uptrend from 1.2358, the fall from 1.2599 could be treated as consolidation of the downtrend. Support is located at the rising trend line on 4-hour chart. As long as the trend line support holds,...
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for...
The USD/JPY pair broke higher during the course of the day here on Wednesday, as we tested the 118 handle. Because of this, it looks like the USD/JPY pair is ready to continue going higher over the...
The USD/CAD pair initially fell during the course of the day on Wednesday, but found the 1.13 level to be supportive enough to turn things back around. By doing so, we ended up forming a hammer, and...
The GBP/USD pair broke higher during the course of the day on Wednesday, testing the 1.57 handle. That being the case, the market looks as if it is ready to perhaps bounce around little bit we still...
The EUR/USD pair tried to rally during the course of the day on Wednesday, but as you can see ran into trouble at the 1.26 level yet again and fell to form a shooting star. Because of...
