Thanks to strong New Zealand jobs figures, NZD/USD made a stellar rally in the past trading session and climbed back above the .8200 handle. However, the pair might be encountering resistance right at that area, which has...
USDCAD moved sideways in a range between 1.1031 and 1.1224. As long as 1.1031 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0588, one more rise towards 1.1500...
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8903. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9135....
USDJPY remains in downtrend from 104.92, the rise from 100.75 could be treated as consolidation of the downtrend. Resistance is at 102.35, as long as this level holds, the downtrend could be expected to resume, and next...
AUDUSD broke above 0.8887 resistance, suggesting that he downward movement from 0.9085 had completed at 0.8660 already. Further rally could be expected, and next target would be at 0.9000 area. Key resistance is at 0.9085, as long...
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6257. Deeper decline would likely be seen, and next target would be at 1.6200 area. Resistance is at 1.6380, only break above this level could signal completion...
No changed in our view, EURUSD remains in downtrend from 1.3739. Another fall could be expected after a minor consolidation, and next target would be at 1.3400 area. Resistance is at 1.3570, only break above this level...
The USD/JPY pair found enough support at the 101 level to bounce and form a hammer for the session on Tuesday. That being the case, it is almost impossible for me not to notice the fact that...
The USD/CAD pair fell during the session on Tuesday, but as you can see found enough support right around the 1.1050 level in order to bounce and form a nice looking hammer. This is a market that...
The GBP/USD pair fell below the 1.63 level during the session on Tuesday, but bounce back above that level in order to form a hammer. This hammer of course suggests that there is plenty of support below,...
