The USD/JPY pair spent most the day falling on Monday, but did gapped higher at the open. Essentially, we ended up filling that gap and showing that the 102 level is in fact going to be supportive....
The USD/CAD pair did very little during the session on Monday, but it did prove one thing: that the 1.10 level is indeed still going to be supportive. Because of this, we think that buying this market...
The GBP/USD pair went back and forth on Monday, hovering around the 1.64 level. The fact that we have not pulled back after forming such a positive candle on Friday does suggest that perhaps there is still...
The EUR/USD pair rose during the session albeit slightly on Monday. We think this market continues to go higher but should have quite a bit of resistance just above. With that, we don’t feel that it’s prudent...
The AUD/USD pair initially fell during the session on Monday, but as you can see bounced enough to form a hammer. The biggest problem with this hammer though is the fact that it’s just below the 0.90...
GBP/USD just broke below the long-term rising trend line on its 4-hour chart recently but appears ready to make a pullback before resuming its selloff. The pair has bounced off support at the 1.6300 major psychological level...
USDCAD broke below 1.1031 support, indicating that the uptrend from 1.0588 had completed at 1.1224 already. Further decline would likely be seen in a couple of days, and the target would be at 1.0800 area. Resistance is...
USDCHF’s fall from 0.9081 extended to as low as 0.8960. Further decline would likely be seen in a couple of days, and next target would be at 0.8900 area. Resistance is at 0.9025, only break above this...
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that consolidation of the downtrend from 105.44 is underway. Further rally would likely be seen and the target would be at 103.50 area....
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8998. Further rise to test 0.9085 resistance is still possible, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be...
