GBPUSD broke below the lower line of the price channel on daily chart suggesting that the uptrend from 1.4831 had completed at 1.5605 already. Deeper decline is still possible next week, and the target would be at...
EURUSD is facing 1.2747 support, as long as this level holds, the fall from 1.3242 could be treated as correction of the uptrend from 1.2747, another rise to 1.3500 area is still possible after correction.
The USD/JPY pair had a solid showing on Friday, closing the very top of the range. We clear the 103 level finally, and now it appears that the market is ready to continue much higher.
The USD/CAD pair had a smashing day on Friday as it took off to the upside gaining almost 130 pips. Looking at this candle, it’s obvious that the market is bullish, but the 1.03 level did of...
The GBP/USD pair fell during the session on Friday, clearing the 1.5250 level again. This market looks especially bearish considering that we have broken down below the lows from the hammer on Wednesday as well.
The EUR/USD pair fell during the session on Friday, breaking the bottom of the extremely long legged doji that had formed during the Thursday session. That being the case, this of course brought in more sellers into...
The AUD/USD pair fell during the session on Friday, closing well below the 0.98 support level. This market is absolutely broken at the moment, but we are starting to approach significant support levels on the longer-term charts.
The USD/JPY pair went back and forth during the session on Thursday, and at the end of the day could hardly decide what it wanted to do. We ended up closing just where we started, forming a...
The USD/CAD pair had a positive session during the Thursday trading hours, breaking back towards the 1.02 level. The fact that we formed a shooting star on Wednesday doesn’t help though, and as a result we feel...
The GBP/USD market went back and forth during the session on Thursday, focusing mainly on the 1.5250 level as its center of gravity.
