USDCAD continued its upward movement from 1.0619, and the rise extended to as high as 1.0976. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0875,...
USDCHF’s upward movement from 0.8855 extended to as high as 0.9110. Further rise could be expected, and next target would be at 0.9200 area. Support is at 0.9040, only break below this level could signal completion of...
USDJPY remains in uptrend from 101.06, the fall from 103.08 could be treated as consolidation of the uptrend. Initial support is at the bottom of the price channel on 4-hour chart, and the key support is at...
AUDUSD remains in downtrend from 0.9470, the price action in the range between 0.9275 and 0.9342 is likely consolidation of the downtrend. Resistance at 0.9342, as long as this level holds, the downtrend could be expected to...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6700 area. On...
EURUSD’s downward movement from 1.3700 extended to as low as 1.3358. Further decline would likely be seen, and next target would be at 1.3200 area. Resistance is at 1.3444, only break above this level could signal completion...
The USD/JPY pair had a very volatile session on Tuesday, but ultimately showed the 103 level to be resistive. Because of this, we ended up forming a shooting star, which of course is a relatively negative sign....
The USD/CAD pair rose during the day on Tuesday, but still remains below the 1.10 handle, meaning that we believe there is a significant amount of resistance just above. With that, we need to see a daily...
The GBP/USD pair initially tried to fall during the session on Tuesday, but as you can see found enough support to turn things back around and form a hammer. This hammer of course is very positive, and...
The EUR/USD pair fell during the session on Tuesday, testing the lows again and even managed to break them at one point during the day. This market looks a very broken at this point, and we see...
