USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
AUDUSD’s downward movement from 0.9373 extended to as low as 0.9263. Further decline to test 0.9237 support is possible, a breakdown below this level will indicate that the uptrend from 0.8660 (Jan 24 low) had completed at...
After consolidation, GBPUSD broke below 1.6536 support and continued its downward movement from 1.7190, and the fall extended to as low as 1.6463. Further decline could be expected over the next several days, and next target would...
EURUSD remains in downtrend from 1.3411, further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area. Near term resistance is located at the upper line of the price channel...
NZDJPY has been trading in an uptrend, as a rising channel can be drawn on its recent price action. The pair is still making its way to the top of the channel, which might hold as near-term...
The USD/JPY pair broke higher during the day on Monday, as the markets look ready to continue to climb to the 105 level. The breakout to the upside suggests that the US dollar will continue to strengthen,...
The USD/CAD pair fell slightly during the session on Monday, but with it being Labor Day in both the United States and Canada, there was in a whole lot in the way of liquidity. Because of this,...
The GBP/USD pair tried to rally during the session on Monday, but pullback to form a shooting star. Because of that, the market looks as if the sellers are starting to come back into power, and with...
During a particularly line session on Monday, the EUR/USD pair went nowhere. With that, we feel that the market really hasn’t told his much but we understand that the downside is most certainly favored at this point....
The AUD/USD pair tried to rally during the day on Monday, but found enough resistance to turn things back around and form a shooting star. The shooting star keeps us in the consolidation area we have been...
