USDCAD’s downward movement from 1.0055 extends to as low as 0.9824. Further decline could be seen after a minor consolidation, and next target would be at 0.9700 area. Resistance is at 0.9900, as long as this level...
USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance levels are at 0.9300 and 0.9400, as long...
USDJPY’s upward movement from 77.14 extends to as high as 83.96. Further rise could be expected next week, and next target would be at 85.00 area. Initial support is at 82.40, and the key support is at...
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.0149. Key support is located at the lower line of the channel, as long as the channel support holds, the uptrend could...
GBPUSD continues its upward movement from 1.5827, and the rise extends to as high as 1.6177. Further rise could be expected and next target would be at 1.6300 area. Support levels are at 1.6070 and 1.6000, as...
EURUSD breaks above 1.3171 resistance, suggesting that the uptrend from 1.2042 has resumed. Further rise could be expected next week, and next target would be at 1.3400 area. Support levels are at 1.3000 and 1.2875, only break...
The USD/JPY pair initially rose during the session on Friday but found significant resistance at the 84 level in order to form a shooting star. Even though the shooting star is ideally placed, we see the 82.50...
The USD/CAD currency pair had a positive session on Friday after printing a hammer on both Wednesday and Thursday. The biggest problem of course is the fact that Monday and Tuesday so shooting stars!
The GBP/USD pair had a strong showing on Friday as we raced towards the 1.6175 area. This area has been resistance before, but it appears that we are now ready to start breaking out of it.
The EUR/USD pair broke above the 1.3150 level at the end of the session on Friday, signaling a new leg of in this currency pair. Is because of this that we think a break above the highs...
