GBPUSD is in consolidation of the uptrend from 1.6252. Range trading between 1.6620 and 1.6822 would likely be seen in a couple of days. Support is at 1.6620, as long as this level holds, the uptrend could...
EURUSD remains in uptrend from 1.3477, the fall from 1.3773 could be treated as consolidation of the uptrend. Key support is now located at the lower line of the price channel on 4-hour chart. As long as...
The British Pound tumbled today as economic reports out of the UK surprised forex traders who were counting on better data. Minutes from the last Monetary Policy Committee, or MPC, from the Bank of England also suggested...
Thanks to the recent upward revision in the BOE’s growth and inflation forecasts, combined with the BOJ’s easing bias, GBP/JPY has been climbing up the charts and trading above a rising trend line on the 1-hour time...
USDCAD remains in downtrend from 1.1224 and the fall extended to as low as 1.0939. Further decline would likely be seen in a couple of days, and next target would be at 1.0800 area. Resistance is at...
USDCHF’s downward movement from 0.9081 extended to as low as 0.8867. The downtrend could be expected to continue in a couple of days, and next target would be at 0.8800 area. Resistance is at 0.8930, only break...
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 105.44 had completed at 100.75 already. The pair is now in uptrend from 100.75, further rise could be expected,...
AUDUSD stays in a upward price channel on 4-hour chart and remains in uptrend from 0.8660, the price action in the range between 0.8906 and 0.9080 could be treated as consolidation of the uptrend. Key support is...
GBPUSD remains in uptrend from 1.6252, the fall from 1.6822 is likely consolidation of the uptrend. Range trading between 1.6620 and 1.6822 is possible in a couple of days. As long as 1.6620 support holds, the uptrend...
EURUSD’s upward movement from 1.3477 extended to as high as 1.3773. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...
