EURUSD remains in uptrend from 1.3296, then fall from 1.3810 could be treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at the lower line of the price channel on...
A double top pattern has formed on GBP/USD’s 4-hour time frame, indicating that the pair’s rally might soon be over. The pair seems to be testing the neckline around the 1.6300 major psychological support. The pattern is...
I may not be Santa Claus, but I have an early present for you this year. It’s actually 15 presents in the form of 15 charts of financial markets with analysis by Bob Prechter, the president of...
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 1.0182, the fall from 1.0707 could be treated as consolidation of the uptrend. Support is at the lower line of the channel,...
USDCHF broke below 0.8890 support, and reached as low as 0.8839, suggesting that the downtrend from 0.9751 had resumed. Further decline could be expected and next target would be at 0.8500 area. Initial resistance is at 0.8950,...
USDJPY’s upward movement from 96.57 extended to as high as 103.92. Another rise to test 103.73 resistance could be expected next week, a break above this level will signal resumption of the uptrend from 75.57 (Oct 31,...
AUDUSD is facing 0.8847 support, a breakdown below this level will indicate that the downtrend from 1.0582 (Apr 11 high) has resumed, then next target would be at 0.8500 area. Initial resistance is located at the downward...
GBPUSD’s upward movement from 1.4813 extended to as high as 1.6465. Further rise would likely be seen, and next target would be at 1.7000. Support is at 1.6200, only break below this level will indicate that consolidation...
EURUSD is facing 1.3832 resistance, a break above this level will indicate that the uptrend from 1.2756 has resumed, then further rise towards 1.4500 could be seen. However, as long as 1.3832 resistance holds, the sideways movement...
The USD/JPY pair initially tried to rally during the session on Friday, but as you can see pullback to form a shooting star. However, the shooting star is probably just going to be an opportunity to buy...
