AUDUSD remains in downtrend from 0.9470, the price action from 0.9275 could be treated as consolidation of the downtrend. Key resistance is at 0.9373, as long as this level holds, the downtrend could be expected to resume,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, further decline could be expected after a minor consolidation, and next target would...
EURUSD moved sideways without trend in a narrow range between 1.3333 and 1.3444. The sideways move is likely consolidation of the downtrend from 1.3700. As long as 1.3444 resistance holds, the downtrend could be expected to resume,...
USD The US dollar got back on its feet and was able to advance against its forex counterparts, despite weaker than expected US retail sales. The headline figure showed a flat reading for July while the core...
The euro zone is set to release its GDP readings for the second quarter of the year and is widely expected to show disappointments, possibly a chance to hop in a euro short trade. EUR/JPY is currently...
The USD/JPY pair rose during the course of the day on Wednesday, as the market continues to grind its way back towards the 103 level. That being the case, the one of three level looks like it...
The USD/CAD pair went back and forth during the course of the day on Wednesday, testing the 1.09 level for support. This area is the bottom of the most recent consolidation area, so seeing buying pressure in...
The GBP/USD pair fell rather hard during the session on Wednesday after initially tried to rally above the 1.68 handle. The Bank of England suggested that perhaps the economy is a lot cloudier than originally thought, and...
The EUR/USD pair continues on bearish as we initially rallied during the day on Wednesday, only to turn back around and form a massive shooting star. The candle forming where it does suggests that we are in...
The AUD/USD pair rose during the course of the day on Wednesday, breaking the top of several hammers. With that, the market tested the 0.93 level, where found a bit of resistance. We believe that the market...
