The GBP/USD pair initially fell during the session on Tuesday, but found enough support below in order to turn things back around and form a hammer yet again. We have been bullish of this pair for some...
The EUR/USD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This hammer suggests that the market is ready to go higher, perhaps testing...
The AUD/USD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer. We suggested that this market would go higher, and it did exactly that. However, we have a significant amount of...
USDCAD is facing 1.0700 resistance, a break above this level will indicate that the downtrend from 1.0960 had completed at 1.0619 already, then further rise to 1.0780 area could be seen. However, as long as 1.0700 resistance...
USDCHF’s fall from 0.8958 extended to as low as 0.8920. Support is at 0.8900, as long as this level holds, the fall could be treated as consolidation of the uptrend from 0.8855, one more rise to test...
USDJPY’s fall from 102.26 extended to as low as 101.44. Deeper decline to test 101.23 support is possible, as long as this level holds, the fall would possibly be correction of the uptrend from 101.23, one more...
AUDUSD’s bounce from 0.9328 extended to as high as 0.9415. Resistance is at 0.9430, as long as this level holds, the bounce could be treated as correction of the downtrend from 0.9504, another fall to 0.9250 area...
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6692, the fall from 1.7179 could be treated as consolidation of the uptrend. Support is located at the bottom of the channel,...
EURUSD’s bounce from 1.3575 extended to as high as 1.3622. Resistance is at 1.3650, as long as this level holds, the bounce could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3500 is...
The USD/JPY pair fell during the session on Monday, but as you can see really remains mired in a significant amount of consolidation. With that, we don’t necessarily have a trade at this moment in time, but...
