The AUD/USD pair initially fell during the course of the day on Friday, but then broke higher in order to test the 0.88 region. This is an area where we anticipate to see a lot of resistance,...
Here are the Top 5 Forex Developments for the trading week between 11/10/14 and 11/14/14: Number One: Eurozone GDP Everyone expected bleak figures out of the Eurozone and dark clouds hovered over today’s GDP report for the...
EURUSD has been moving inside a symmetrical triangle pattern since the start of the month, creating higher lows and lower highs. The pair just came off a test of triangle resistance and may be due south, possibly...
USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.1466 had completed at 1.1281 already. Further rise to test 1.1466 resistance could be seen, a break above this level will signal...
USDCHF moved sideways in a range between 0.9580 and 0.9739. As long as 0.9580 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.9370, further rise to 0.9900 area is still possible...
USDJPY’s upward movement extended to as high as 116.19. Further rise could be expected, and next target would be at 1.1700 area. Support is at 113.86, only break below this level could signal completion of the uptrend,...
AUDUSD remains in uptrend from 0.8540, the fall from 0.8764 would possibly be consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the...
GBPUSD’s downward movement from 1.6182 extended to as low as 1.5677. Further decline could be expected, and next target would be at 1.5500 area. Resistance is now located at the downward trend line on 4-hour chart, only...
EURUSD is testing the resistance of the downward price channel on 4-hour chart. As long as the channel resistance holds, the rise from 1.2358 could be treated as consolidation of the downtrend from 1.2867, another fall to...
USDJPY has been moving in a strong uptrend, with a short-term rising channel forming on its 1-hour time frame. Price just came off a test of resistance and may be due to head lower in a bit,...
