GBPUSD’s downward movement from 1.7190 extended to as low as 1.7023. Further decline could be expected, and next target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650. Further decline could be expected, and next target would be at 1.3300 area. Only a clear break above the trend line...
The USD/JPY pair tried to rally during the course of the day during Tuesday, but as you can see we pullback in order to form a shooting star. That tells us that the market continues to grind...
The USD/CAD pair initially rallied during the session on Tuesday, but turned back around and form a shooting star. The shooting star courses negative, but overall this market has been very sideways for the last two weeks....
The GBP/USD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer. This hammer tells us...
The EUR/USD pair broke down during the session on Tuesday, slicing through the 1.35 handle with ease. That shows real weakness, and as a result we feel that the market should continue to go lower, probably heading...
The AUD/USD pair tried to rally during the session on Tuesday, and in fact did. However, we gave up about half of the gains so it appears of the Australian dollar will continue to grind sideways overall,...
USDCAD broke below the bottom of the price channel on 4-hour chart. Next support level is at 1.0707, as long as this level holds, the fall from 1.0794 could be treated as consolidation of the uptrend from...
USDCHF’s upward movement from 0.8897 extended to as high as 0.9029. Further rise could be expected after a minor consolidation, and next target would be at 0.9100 area. Key support is at 0.8968, only break below this...
USDJPY continued its sideways movement in a range between 101.06 and 101.78. The price action in the range is likely consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test 100.75 support is possible...
