USDCAD remains in downtrend from 1.0055, the rise from 0.9824 is likely correction of the downtrend. Another fall is still possible after correction, and a breakdown below 0.9824 could signal resumption f the downtrend. Resistance levels are...
USDCHF remains in downtrend from 0.9511, and the fall extends to as low as 0.9083. Further decline would likely be seen next week, and next target would be at 0.9000 area. Resistance is located at the upper...
USDJPY remains in uptrend from 77.14. Another rise could be expected after a minor consolidation, and next target would be at 86.00 area. Support is now at 83.00, as long as this level holds, the uptrend will...
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that a cycle top has been formed at 1.0585, and the uptrend from 1.0149 has completed. Further decline could be expected next week,...
Being contained by 1.6309 previous high resistance, GBPUSD pulls back from 1.6306. However, the fall is likely consolidation of the uptrend from 1.5827, range trading between 1.6100 and 1.6306 would likely be seen next week.
EURUSD remains in uptrend from 1.2661, and the rise extends to as high as 1.3308. Further rise is still possible next week, and next target would be at 1.3400 area. Support is located at the lower line...
The USD/JPY pair fell during the Friday session, but bounced off of the 84 handle again and formed a hammer for the second day in a row. Looking at this chart, we can see that the 84...
The USD/CAD pair shot through the 0.99 handle during the session on Friday, but failed to close above the 0.9950 level which was our signal to start buying. Because of this, we would have this pair as...
The GBP/USD pair fell precipitously during the Friday session as the “risk off” trade came back into play. With the failing of the so-called “fiscal cliff” talks, this market absolutely cratered. However, you can see that roughly...
The EUR/USD pair fell on Friday, but found quite a bit of support at the 1.3150 handle as it bounced from that significant level. With Wednesday and Thursday both printing shooting stars, and the Friday candle pretty...
