GBPUSD’s downward movement from 1.7190 extended to as low as 1.6856. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650. As long as the trend line resistance holds, further decline could be expected after a minor consolidation, and next target would...
Forex traders will get July’s non-farm payroll report tomorrow and expectations call for a headline figure of 231,000 new jobs while the unemployment rate is expected to remain unchanged at 6.1%. Many new traders are focused on...
AUD/USD had been trading inside an ascending triangle chart pattern for quite some time before breaking to the downside and indicating that further losses could be in the cards. Price has found a bit of support at...
The USD/JPY pair shot straight through the atmosphere during the day on Wednesday, as the US GDP numbers came out much stronger than anticipated. Because of this, the US dollar gained everywhere, the Japanese yen been no...
The USD/CAD pair shot higher during the day on Wednesday, as the US GDP numbers came out stronger than anticipated. Now that we have broken out to the upside, we believe that short-term pullbacks will continue to...
The GBP/USD pair fell during the course of the day on Wednesday, but bounced back above the 1.69 level in order to form a bit of a hammer. That being the case, it appears the market could...
EUR/USD pair did fall during the course of the day on Wednesday, but bounce significantly in order to form a bit of a hammer. We continue to hang about the 1.34 level, and ultimately we believe that...
The AUD/USD pair initially fell during the session on Wednesday, but as you can see found enough support near the 0.93 handle in order to turn things back around and show a bit of support towards end...
USDCAD’s upward movement from 1.0619 extended to as high as 1.0916. Further rise could be expected after a minor consolidation, and next target 1.1000 area. Near term support is at 1.0865, as long as this level holds,...
