USDCHF’s upward movement from 0.8699 extended to as high as 0.9106. Further rise could be expected after a minor consolidation, and next target would be at 0.9400 area. Support is at 0.8900, only break below this level...
USDJPY failed to break below 100.75 key support, and stays in a trading range between 100.75 and 104.12. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the...
AUDUSD continued its sideways movement in a range between 0.9202 and 0.9504. As long as 0.9202 key support holds, the uptrend from 0.8660 could be expected to resume, and next target would be at 1.0000. On the...
GBPUSD broke below the lower line of the price channel on daily chart, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already. Further decline could be expected, and next target would...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3366. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3550, only break above this level...
The USD/JPY pair had a very violent session on Friday, as nonfarm payroll numbers came out. This is typically a very rough day for this pair, and the fact that we feel like this tells us that...
As the nonfarm payroll came out slightly lower than anticipated, the USD/CAD pair went back and forth, essentially settling nothing at the end of the day although it should be mentioned that the candle was in fact...
The GBP/USD pair fell during the course of the day on Thursday, slamming into the 1.68 region. This area does start to see a bit of support though, so really this point time we are waiting to...
The EUR/USD pair went higher during the course of the day on Friday, as the nonfarm payroll numbers missed just slightly. That being the case, the fact that we had to hammers previously suggests that the market...
The AUD/USD pair went back and forth during the day on Friday, essentially hugging the 0.93 handle. That being the case, the market looks as if it is finding support in this area, but ultimately will break...
