AUDUSD remains in downtrend from 1.0582, the rise from 1.0220 is treated as consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, another fall towards...
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4831. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be...
EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be...
The USD/JPY pair rose during the session after a very strong jobs report for the month of April, as the US employment situation turned out to be much stronger than anticipated.
The USD/CAD pair fell during the session on Friday, after first gaining. The better-than-expected nonfarm payroll number out of the United States of course gave steam for this breakdown, as the Canadian dollar tends to do well...
GBP/USD went back and forth during the session on Friday, testing the 1.55 level for support and proving it to be so. The 1.56 level offered resistance again, and as a result it looks like we are...
The EUR/USD pair went back and forth during the session as you would expect on a nonfarm payroll Friday, it ended the day slightly positive. The market did close above the 1.31 handle, and in and of...
The AUD/USD pair rose during the session on Friday, showing extreme strength after forming a hammer on Thursday. The Australian dollar did follow its New Zealand cousin, and as a result it appears that the commodity currencies...
The USD/JPY pair had a positive showing on Thursday, as we bounced off of the 97 handle again. This area has been reasonable support lately, and as a result this bounce doesn’t overly surprise us.
The USD/CAD pair rose during the session on Thursday, breaking above the 1.01 handle again. This essentially violated the top of the shooting star from the session on Wednesday, so this simply shows more confusion. This area...
