GBPUSD broke below the bottom of the price channel on daily chart, indicating that lengthier consolidation of the uptrend from 1.4813 (Jul 9, 2013 low) is underway. Deeper decline would likely be seen next week, and next...
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3892 could be treated as consolidation of the uptrend. Key support is at 1.3477, as long as this level holds, the uptrend could...
EUR/GBP is currently testing the falling trend line on the 4-hour time frame, suggesting that another sharp drop might take place sooner or later. In terms of economic data, the euro zone is definitely doing worse than...
The USD/JPY pair initially fell during the session on Thursday, but bounced enough to form a perfect hammer. This hammer suggests that the buyers are in fact still underneath there, and as a result we believe a...
The USD/CAD pair fell during the course of the session on Thursday, but found the 1.08 level to be supportive yet again. Ultimately, we feel that this area will continue to offer support, but if we do...
The GBP/USD pair did almost nothing during the session on Thursday, essentially treading water at the 1.67 level. With that being the case, we feel that the market should find buyers in this general vicinity, possibly sending...
The EUR/USD pair tried to rally during the session on Thursday, finding the area above the 1.36 level to be resistive enough to turn things back around and form a shooting star. The shooting star suggests that...
The AUD/USD pair rose during the session on Thursday, breaking well above the 0.9250 handle and busting through a relatively significant amount of resistance. Now that we have this impulsive candle, we finally have the signal that...
USDCAD’s downward movement from 1.0941 extended to as low as 1.0825. Further decline is still possible, and next target would be at 1.0700 area. Resistance is now at 1.0885, only break above this level could trigger another...
USDCHF remains in uptrend from 0.8702, the fall from 0.8989 could be treated as consolidation of the uptrend. Support is at 0.8937, as long as this level holds, the uptrend could be expected to resume, and next...
