After breaking above 1.6841 resistance, GBPUSD pulled back from 1.6857, indicating that lengthier consolidation for the uptrend from 1.6465 is needed. Range trading between 1.6750 and 1.6860 would likely be seen in a couple of days. Key...
EURUSD broke above 1.3864 resistance. However, the rise from 1.3785 is likely consolidation of the downtrend from 1.3905, one more fall to 1.3750 area to complete the downward movement is still possible after consolidation. Resistance is at...
The USD/JPY pair rose during the bulk of the session on Monday, breaking above the 102.50 handle. We did give back a little bit towards the end of the day, but it does in fact look like...
The USD/CAD pair initially fell on Monday, but finds the 1.10 level to be supportive yet again. With that, we feel that the market should continue to meander around this area, and we feel that it is...
The GBP/USD pair broke out to the upside during the session on Monday, but as you can see pulled back enough to form a massive shooting star. Even though this is a very sign, we feel that...
The EUR/USD pair went back and forth during the session on Monday, touching as high as the 1.39 region, but also when as low as the 1.38 region. With that, as a result we feel that the...
The AUD/USD pair initially tried to rally during the session on Monday, but found far too much resistance around the 0.93 level to continue going higher. Because of this, we ended up forming a shooting star that...
AUD/USD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher. In the 4-hour chart, the Fibonacci retracement tool shows that...
USDCAD’s upward movement extended to as high as 1.1053. Further rise is still possible after a minor consolidation, and next target would be at 1.1100 area. Support is at 1.1000, only break below this level could signal...
USDCHF broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8743 had completed at 0.8861 already. Deeper decline is still possible, and the target would be at 0.8780 area. Resistance is at...
