NZD/USD recently broke below a rising trend line connecting the lows of the price, indicating that the previous uptrend is already over. Before heading any lower though, the pair made a quick retracement move to the Fibonacci...
USDCAD remains in downtrend from 1.1278. Deeper decline to test 1.0910 (Feb 19 low) support would likely be seen. Key resistance is at 1.1077, only break above this level could indicate that the downtrend from 1.1278 is...
USDCHF remains in uptrend from 0.8699, the fall from 0.8952 is treated as consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend...
USDJPY is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall from 104.12 could be treated as consolidation of the uptrend from 101.20,...
After touching 0.9303 resistance, AUDUSD pulled back from 0.9306, suggesting that lengthier sideways movement is underway. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 0.9205,...
GBPUSD broke above 1.6620 resistance, suggesting that the downward movement from 1.6684 had completed. Further rise to test 1.6684 resistance could be expected, a break above this level will signal resumption of the longer term uptrend from...
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.3966, the rise from 1.3672 is likely consolidation of the downtrend. Resistance is located at the upper line of the channel. As...
The USD/JPY pair fell during the session on Monday, finding the 103 level by the end of the day. This area could bring in buyers, but in the meantime it’s difficult to buy until we get a...
The USD/CAD pair tried to rally during the session on Monday, but found the 1.10 level to be a bit too resistive in order to form a shooting star. This shooting star suggests that the market is...
The GBP/USD pair rose during the session on Monday, breaking above the 1.66 level again. This market appears as if it is ready to continue going higher, ultimately testing the 1.70 level given enough time. However, there...
