The EUR/USD pair rose during the session on Tuesday, testing the 1.38 level for resistance. That level did in fact offer resistance, and as a result we ended up forming a shooting star. We do not feel...
The AUD/USD pair broke out to the upside during the session on Tuesday, closing at the 0.9150 level. However, it seems that the market is going to struggle in this area, and if we break the top...
EUR/CHF has been selling off very aggressively but the pair might be due for a strong bounce soon, as it is currently testing a long-term bottom around the 1.2200 major psychological level.
The USD/JPY pair gapped higher at the open on Monday, but turned around and found support at the 103 level before bouncing even higher. The market ended up forming a hammer for the session, and as a...
The GBP/USD pair exploded to the upside during the session on Monday, but remains stuck just below the 1.6450 level yet again. This area is going to be a bit of a difficult area to get through,...
The AUD/USD pair did almost nothing during the session on Monday, continuing the consolidation that we’ve seen recently. The real question now is whether or not this is accumulation, or simply a bit of sideways action before...
USDCAD’s upward movement from 1.0182 extends to as high as 1.0707. Support is now at 1.0550, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1000 area.
USDCHF is facing 0.8890 support, a breakdown below this level will signal resumption of the downtrend from 0.9751, then next target would be at 0.8500 area. Resistance is at the upper line of the downward price channel...
USDJPY is facing 103.73 resistance, a break above this level will confirm that the uptrend from 75.57 (Oct 31, 2011 low) has resumed, then the following upward movement could bring price to 110.00 area.
AUDUSD stays below a downward trend line on daily chart, and the fall extends to as low as 0.8990. Further decline to test 0.8847 support would likely be seen, a break down below this level will signal...
