NZD/JPY is currently finding resistance at the top of a rising wedge pattern visible on the pair’s daily time frame. A shorter-term head and shoulders pattern can be seen, with a breakdown from the neckline still pending....
The USD/JPY pair fell during the course of the session on Wednesday, slamming into the trend line that has been supporting this market for some time. That being the case, it appears that the market will continue...
The USD/CAD pair broke to the upside initially during the session on Wednesday, but fell back down below the 1.09 level. Ultimately, the market did find a bit of support though, and as a result of that...
The GBP/USD pair rose initially during the session on Wednesday, but then fell apart and broke down below the 1.68 handle. However, there is still plenty of support in this general vicinity, and as a result we...
The EUR/USD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level. This of course is a fairly weak looking candle as it is a shooting star. A break below...
The AUD/USD pair broke to the upside during the session on Wednesday, but as you can see fell and formed a shooting star. The shooting star sits just above the sideways grind that we have been in...
USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and the target would be at the upper line of the price channel on...
USDCHF remains in uptrend from 0.8702. Further rise is still possible after a minor consolidation, and next target would be at 0.8950 area. Support is at 0.8860, only break below this level will indicate that the uptrend...
USDJPY moved sideways in a range between 101.32 and 103.02. A breakdown below 101.32 support will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. However, as...
AUDUSD’s upward movement from 0.9202 extended to as high as 0.9408. Key support is at 0.9318, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9500 area....
