GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Near term resistance is located at the downward trend...
The USD/JPY pair fell during the course of the day after initially gapping higher on Monday. With that being the case, the market seems like it’s trying to find support somewhere near the 104 level, which should...
The USD/CAD pair initially fell during the session on Monday, but as you can see turned back and formed a massive hammer. This hammer sits just below the 1.10 level, and if we can get above that...
The GBP/USD pair gapped lower at the open on Monday, but turn things back around in order to form a fairly bullish candle for the day. With that, it appears that the British pound is starting to...
The EUR/USD pair gapped lower at the open on Monday, as the bearish pressure on the Euro continues. Breaking below the 1.33 level was of course a negative sign, and we believe that this market continues to...
The AUD/USD pair tried to rally during the session on Monday, but fell back down and formed a shooting star. That being the case, the market looks like a market that is still trying to go sideways....
AUDJPY recently made a strong break past the 96.00 major psychological resistance level, which has acted as a long-term ceiling for price rallies. This could be a sign that more gains are in the cards for the...
USDCAD broke above 1.0985 resistance, indicating that the uptrend from 1.0619 (Jul 3 low) has resumed. Further rise could likely be seen, and next target would be at 1.1100 area. Support is at 1.0925, only a breakdown...
USDCHF remains in uptrend from 0.8997, the fall from 0.9178 is likely consolidation of the uptrend. Support is at 0.9100, as long as this level holds, the uptrend could be expected to continue, and next target would...
