USDCHF stays in a downward price channel on daily chart, and remains in downtrend from 0.9751. As long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 0.8500 area is...
USDJPY stays in a downward price channel on daily chart, and remains in downtrend from 105.44. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 98.00...
AUDUSD is facing 0.9085 key resistance, a break above this level will indicate that the downtrend from 0.9756 had completed at 0.8660 already, then further rise to 0.9600 area could be seen to follow. On the downside,...
GBPUSD broke above 1.6668 resistance, and reached as high as 1.6755, indicating the the uptrend from 1.4813 has resumed. Further rise could be expected in a couple of weeks, and next target would be at 1.7000 area....
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3832 is treated as consolidation of the uptrend, another fall to 1.3400 area to complete the consolidation is still possible. Resistance is at...
The USD/JPY pair went back and forth during the session on Friday, forming a negative candle. We did close below the 102 level, but quite frankly this much noise below that we don’t really put too much...
The USD/CAD pair fell during the bulk of the session on Friday, but as you can see found enough buyers during the day to turn things back around and form a nice-looking hammer. The hammer sits just...
The GBP/USD pair rose during the session on Friday, shooting strength through the resistance of the 1.6650 level. The market even close at the very high of the day, so it appears that any pullback in the...
The EUR/USD pair rose during the session on Friday, challenging the 1.37 level. With that, we have run into resistance again, and as a result are struggling to go higher. If we can get above this level,...
The AUD/USD pair rose during the session on Friday, breaking above the 0.90 handle. However, the market still see is a significant amount resistance above as shown by the Wednesday shooting star. If we can get above...
