The EUR/USD pair tried to rally during the session on Tuesday, but as you can see the market failed to hang onto the gains and ended up forming a shooting star at the 1.3650 level. With that,...
The AUD/USD pair broke out during the session on Tuesday, slamming through the 0.90 handle. However, we did not break the highs from early January, so even though it’s a strong sign, we haven’t technically broken out...
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USDCAD remains in downtrend from 1.1224, the rise from 1.0967 could be treated as consolidation of the downtrend. Deeper decline would likely be seen, and next target would be at 1.0800 area. Resistance is at 1.1100, only...
USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8940. Resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the...
USDJPY is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 100.75 could be treated as consolidation of the downtrend from 105.44, another fall towards...
AUDUSD is facing 0.9085 resistance, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be treated as consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), another fall towards...
GBPUSD’s upward movement from 1.6252 extended to as high as 1.6487. Further rise could be expected after a minor consolidation, and next target would be at 1.6600 area. Support is at 1.6340, only break below this level...
EURUSD is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 1.3477 could be treated as consolidation of the downtrend from 1.3892 (Dec 27, 2013...
NZD/USD recently broke below the ascending trend line on its 4-hour time frame and dipped below the .8100 mark. However, weak data from the US and improved risk sentiment have allowed the pair to pull back to...
