EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.3129. Further decline could be expected in a couple of weeks, and next target would be at 1.2700 area. Near term resistance...
The USD/JPY pair broke higher during the day on Friday, breaking the top of the hammer that informed on Thursday. On top of that, we close above the 104 level so we feel that this market should...
The USD/CAD pair fell during the bulk of the session on Friday, but then turned back around and form a nice-looking hammer. This hammer sits right at the 1.0850 region, which makes us think that the market...
The GBP/USD pair initially fell during the course of the day on Friday, but then bounced enough to break above the 1.66 handle. The resulting candle is a hammer, so we can break the top of that...
The EUR/USD pair had another negative session on Friday, breaking below the support that we’ve seen recently. With that being the case, we feel that the market will head to the 1.31 level, and then eventually the...
The AUD/USD pair initially tried to rally during the course of the day on Friday, but found the 0.9350 level to be a bit too resistive. With that being the case, the shooting star that form for...
GBPJPY has been on a downtrend, as a falling trend line can be drawn to connect the recent highs of price. The pair is finding resistance at the 172.00 major psychological level, which could continue to keep...
USDCAD remains in downtrend from 1.0997, the rise from 1.0828 is likely consolidation of the downtrend. Resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would...
USDCHF is in consolidation of the uptrend from 0.8855 (Jul 1 low). Deeper decline would likely be seen and the target would be at 0.9080 area. Support levels are at 0.9125 and 0.9080, as long as these...
USDJPY moved sideways in a range between 103.49 and 104.26. As long as 103.49 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.50, further rise could be expected...
