AUDUSD moved sideways in a narrow range between 0.8820 and 0.8957. As long as 0.8957 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9756 (Oct 23 high), another...
GBPUSD broke below 1.6430 support, suggesting that the upward movement from 1.6219 had completed at 1.6593 already. Deeper decline would likely be seen over the next several days, and the target would be at the lower line...
EURUSD broke below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.3296 (Nov 7 low) had completed at 1.3892 already. Further decline would likely be seen over the next several...
The AUD/USD pair tried to rally during the session on New Year’s Eve, but as you can see pullback in order to form a shooting star at the top of the reason consolidation area. It is because of this...
The USD/JPY pair rose from the 105 level during the session on New Year’s Eve, and as a result we feel that this market has solidified the idea that it’s going to go higher. We still are very bullish...
The EUR/USD pair did very little during the session on Tuesday, essentially pulling back from the 1.38 level. That being said, we think there are serious amounts of support below, so therefore were looking for supportive candles in order...
The USD/CAD pair fell during the session on Tuesday, but as you can see as we start to trade in 2014, we will be approaching the 1.06 level. This area has been supportive recently, and the bottom of a...
The GBP/USD pair rose during the session on Tuesday, breaking through quite a bit of resistance. The fact that we close above the 1.65 level signifies to us that this market is going to continue going higher, and therefore...
The USD/CAD pair fell hard during the session on Monday, and as you can see is reaching towards the 1.06 level in order to find support yet again. With that being the case, looks like we’re going to continue...
The USD/JPY pair did very little during the session on Monday, essentially falling back to the 1.05 level in order to prove it as being supportive. This area was a significant resistance level previously, so of course it’s not...
