USDJPY remains in uptrend from 100.83, the fall from 102.13 is likely consolidation of the uptrend. Range trading between 101.25 and 102.13 would likely be seen over the next several days, and another rise to 103.00 area...
AUDUSD broke above 0.9277 resistance, indicating that the downward movement from 0.9408 had completed at 0.9208 already. Further rise could be expected, and next target would be at 0.9360 area. Support is at 0.9245, only break below...
GBPUSD remains in downtrend from 1.6920. Further decline could be expected after a minor consolidation, and next target would be at 1.6600 area. Near term resistance is at 1.6675, as long as this level holds, the downtrend...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3586. Further decline is still possible, and next target would be at 1.3500 area. Resistance is at 1.3668, only break above this level could signal completion of...
The Euro has corrected sharply over the past two trading weeks. Prior to the press conference held by European Central Bank President Mario Draghi two Thursday’s ago the EURUSD was trading a few pips away from the...
GBP/USD has been finding support around the 1.6750 minor psychological level, which coincides with a longer-term rising trend line, for quite some time now. However, the pair just made a strong downside break, indicating that a deeper...
The USD/JPY pair initially fell during the session on Wednesday, but as we have seen for the past couple of days, buyer stepped in and push the market back up. With that being the case, it appears...
The USD/CAD pair rose during the session on Wednesday, continuing to maintain that the 1.0850 level will be supportive. With this, we believe that a little bit of a bounce is probably coming today, but quite frankly...
The GBP/USD pair fell hard during the session on Wednesday, showing a fresh new low by the end of the day. The 1.67 level should continue to be supportive though, and as a result we believe that...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.36 level towards the end of the day. This is in fact a relatively negative sign, and we believe now that the pair will go...
