The AUD/USD pair try to rally during the session on Wednesday, but as you can see fell after doing so. The resulting candle is a shooting star, and this of course suggests that the market is going...
USDCAD’s upward movement from 1.0588 extends to as high as 1.0840. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0770, as long as this level...
USDCHF remains in uptrend from 0.8799, and the rise extended to as high as 0.9126. Further rise could be expected after a minor consolidation, and next target would be at 0.9200 area. Support is now at 0.9065,...
USDJPY failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 103.91. Further rise to test 105.44 resistance would likely be seen, a break above this level will signal resumption...
AUDUSD remains in downtrend from 0.9756 (Oct 23, 2013 high), the price action from 0.8820 is likely consolidation of the downtrend. One more rise to 0.9040 area to complete the consolidation is possible in a couple of...
GBPUSD failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 1.6337. Further rise to test 1.6593 resistance could be expected, a break above this level could signal resumption of...
EURUSD broke below 1.3571 previous low, and continued its downward movement from 1.3892, and the fall extended to as low as 1.3553. Further decline would likely be seen over the next several days, and the target would...
With Friday’s non-farm payroll report out of the US and the usual volatility which comes with it forex traders often try to position their portfolios ahead of the release, depending on their forex strategy as well as...
A double top has formed on EUR/USD’s 1-hour time frame and it seems that the pair has confirmed the potential selloff. It has broken below the neckline around the 1.3650 minor psychological level but is waiting for...
The USD/JPY pair rose during the session on Tuesday, reversing the losses that we had seen on Monday. That being the case, looks like the market is going to continue to bounce around the 105 level, and...
