USDCHF remains in downtrend from 0.9081, the rise from 0.8852 is likely consolidation of the downtrend. Resistance is now at 0.8930, as long as this level holds, the downtrend could be expected to resume, and next target...
USDJPY stays in a trading range between 101.38 and 102.82. As long as 101.38 support holds, the price action in the range could be treated as consolidation of the uptrend from 100.75, another rise to 103.50 area...
After touching 0.8906 support, AUDUSD rebounded to 0.8971, indicating that the pair remains in consolidation of the uptrend from 0.8660. The sideways movement in a range between 0.8906 and 0.9080 could be expected to continue in a...
GBPUSD moves sideways in a trading range between 1.6582 and 1.6730. Support is at 1.6582, a breakdown below this level will confirm that the uptrend from 1.6252 had completed at 1.6822 already, then deeper decline to 1.6400...
EURUSD’s fall from 1.3773 extended to as low as 1.3643, the subsequent bounce is likely resumption of the uptrend from 1.3477. Further rise to test 1.3773 resistance could be expected, a break above this level will trigger...
There has been plenty of talk about the European Central Bank and its next steps as more and more signs point to deflationary pressures in several member countries including Spain and Germany. Overall the economic recovery in...
The USD/JPY pair rose during the session on Wednesday, continuing to grind sideways as we continue to build a bit of a base down in this general vicinity. If we can get above the 103 level though,...
The USD/CAD pair when higher during the session on Wednesday, breaking above the 1.11 level. However, we have not broken above the 1.12 level, so we are still in the consolidation area that we have been in...
The GBP/USD pair went back and forth during the session on Wednesday, but ended up going nowhere by the time the market closed. The resulting candle suggests that what we had anticipated during the previous two sessions,...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.37 level. This is an area that was offering relatively decent support, but the fact that we fell below this area doesn’t exactly trigger a...
