The GBP/USD pair went back and forth during the session on Thursday, forming a relatively neutral candle with a slightly negative bias. At the end of the day though, we are only buying this pair, and not...
The EUR/USD pair tried to rally during the session on Thursday, mainly predicated upon the fact that the statement from the ECB failed to mention any type of immediate actions to quell the rise of the Euro....
The AUD/USD pair rose during the session on Thursday, breaking out and above the 0.9350 handle. That area has been resistive recently, and the fact that we broke above there is very bullish indeed. Because of this,...
After making a strong break past the 1.6800 major psychological resistance earlier in the week, GBP/USD might need to make a quick pullback before pushing for more gains. After all, the BOE interest rate decision turned out...
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USDCAD broke below 1.0857 support and reached as low as 1.0814. Further decline could be expected after a minor consolidation, and next target would be at 1.0700 area. Resistance is at 1.0910, as long as this level...
USDCHF failed to break below 0.8699 (Mar 13 low) support and rebounded from 0.8702, indicating that the downtrend from 0.8861 has completed. Further rise could be expected, and next target would be at 0.8900 area. Support is...
USDJPY is testing 101.32 support, a breakdown below this level will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. Resistance is at 102.00, only break above...
AUDUSD remains in uptrend from 0.9202, and the rise extended to as high as 0.9394. Further rise could be expected after a minor consolidation, and next target would be at 0.9500 area. Support levels are at 0.9315...
GBPUSD remains in uptrend from 1.6465 (Mar 24 low), the fall from 1.6996 is likely consolidation of the uptrend. Support is located at the trend line on 4-hour chart. As long as the trend line support holds,...
