The GBP/USD pair fell during the session on Friday, breaking down below the 1.6450 level. However, there is still plenty of support all the way down to the 1.63 handle, so we are not selling. Quite frankly,...
The EUR/USD pair fell during the session on Friday, breaking below the 1.35 handle. This was an area that we had suspected would be significant support, but the fact that we are just 15 pips below it...
The AUD/USD pair fell during the session on Friday, but found enough support at the 0.87 level to turn around and form a hammer. Nonetheless, we believe that this market is still inherently weak, and as a...
Bernanke chaired his last FOMC meeting and he is out of the door. Some applaud his tenure, others detest his leadership and most do not care. The fact is that the next decade will determine the true...
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom...
USDCAD’s upward movement from 1.0588 extended to as high as 1.1198. Key support is now at 1.1031, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1300...
USDCHF broke above 0.9030 resistance, suggesting that the downtrend from 0.9156 had completed at 0.8903 already. Further rise could be expected, and next target would be at 0.9100 area. Support is at 0.8970, only break below this...
USDJPY moved sideways in a range between 101.77 and 103.44. Key resistance is located at upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the price action in the range...
AUDUSD formed a sideways consolidation in a range between 0.8660 and 0.8887. As long as 0.8887 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9085, one more fall...
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6445. Deeper decline to test the support of the lower line of the price channel on 4-hour chart is possible. As long as the channel support holds,...
