GBPUSD breaks below 1.6100 support, suggesting that a cycle top has been formed at 1.6306 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Key resistance is...
EURUSD stays within an upward price channel on daily chart, and remains in uptrend from 1.2661, the fall from 1.3308 is likely consolidation of the uptrend. Support is at the lower line of the channel, as long...
The USD/JPY pair fell during the Friday session as the rally finally took a break. The gap from earlier in the week still has not been close, and this could be the beginning of that attempt. However,...
The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle.
The GBP/USD pair rose during the session after initially falling on Friday in order to show the 1.61 level as being supportive. We believe that the market is essentially a bull market, and as such we are...
The EUR/USD pair fell during much of the Friday session, but found support at the 1.3150 level yet again. The resulting balance formed a hammer, and it does suggest that we are going to continue to see...
The AUD/USD pair rallied during the session on Friday, but failed to break above the 1.04 level again. This area has been significant resistance previously, and support as well. This area continues to hold the market down,...
The AUD/USD pair had a back-and-forth session on Thursday as we continue to bounce around below the 1.04 handle. We are still above the 1.03 handle however, and as a result we are not bearish yet.
The euro extended its bullish momentum during the first part of the European session yesterday, after positive Italian news and better than expected US Unemployment Claims figure led to an increase in risk taking among investors.
The USD/JPY pair had another bullish session on Thursday as we continue to climb at a parabolic rate. However, there are many out there who are repricing the monetary policies of both central banks involved in this...
