AUDUSD is facing 0.8642 support again, a breakdown below this level will signal resumption of the downtrend from 0.9401, then next target would be at 0.8400 area. On the other side, as long as 0.8642 support holds,...
GBPUSD broke below 1.5951 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed. Further decline could be expected, and next target would be at 1.5600 area. Resistance is at 1.6020, only break above this...
EURUSD failed to break above 1.2791 resistance, and stayed in the trading range between 1.2500 and 1.2791. However, the fall from 1.2791 would possibly be correction of the uptrend from 1.2500, as long as 1.2500 support holds,...
The USD/JPY pair initially tried to rally during the course of the session on Monday, but as you can see fell back down and formed a shooting star. Because of this, it appears that the market is...
The USD/CAD pair tried to rally during the session on Monday, but found the 1.12 level to be a bit too resistive and therefore pullback to form a shooting star. The shooting star of course signifies that...
The GBP/USD pair fell during the course of the day on Monday, continuing to meander around the 1.6050 level. Because of this, we feel that the market is essentially one that’s going to go sideways for a...
The EUR/USD pair initially fell during the course of the day on Monday, and then turned back around to attempt to break out above the 1.28 handle. That level of course is very resistive though, and we...
The AUD/USD pair tried to rally, but gave back about half of the gains. However, the 0.88 level looks to be somewhat resistive, and we think that there is a significant amount of resistance all the way...
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over. A triple bottom can be seen, as price found support around the .8700 handle and is...
USDCAD continued its sideways movement in a range between 1.1071 and 1.1269. Key support is at 1.1071, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from 1.0810 (Aug...
