GBPUSD broke above 1.6400 resistance, suggesting that the downward movement from 1.6668 had completed, and the pair is now in uptrend from 1.6252. Further rally could be expected, and next target would be at 1.6550 area. Support...
EURUSD’s rise from 1.3477 extended to as high as 1.3642. The uptrend could be expected to continue, and the target would be at the upper line of the price channel on 4-hour chart. However, the rise would...
USDCAD remains in uptrend from 1.0182, the fall from 1.1224 is likely consolidation of the uptrend. Deeper decline would likely be seen, and the target would be at the upward trend line on daily chart. On the...
USDCHF remains in downtrend from 0.9751, the price action from 0.8890 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as this level holds, the downtrend could be expected to resume,...
USDJPY remains in downtrend from 105.44, and the fall extended to as low as 100.75. Further decline would likely be seen in a couple of weeks, and next target would be at 98.00 area. Initial resistance is...
AUDUSD broke above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9756 had completed at 0.8660 already. Further rally would likely be seen over the next several weeks, and...
GBPUSD is in uptrend from 1.4813, the fall from 1.6668 is treated as consolidation of uptrend. Deeper decline would likely be seen and the target would be a the lower line of the price channel on daily...
EURUSD moved sideways in a range between 1.3296 and 1.3892. As long as 1.3296 support holds, the price action from 1.3832 could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one more...
The USD/JPY pair initially fell during the session on Friday as a poor jobs report came out of the United States. However, we found enough support near the 101.50 level to bounce and form a hammer. On...
The USD/CAD pair initially dipped below the 1.10 level on Friday, but as you can see got enough pressure to the upside in order to form a hammer. This hammer of course suggests that the 1.10 level...
