The USD/CAD pair fell most of the session on Friday in order to retrace half of Thursday’s gains. The pair will be highly influenced by the oil markets, and the oil markets are currently testing serious support...
The AUD/USD pair managed to bounce on Friday, in order to form a bit of a hammer. What is most interesting about this hammer is that it is sitting just above the parity level. Because of this,...
GBP/USD fell just slightly at the end of the session on Friday as the market seemed content on digesting the losses on Thursday. The 1.57 level held the bulls down, and as a result we think this...
The USD/JPY pair rose during the Friday session as the Yen weakened overall. The 80 level looks very resistive overall, and the top of this resistance level is the 80.50 spot.
The EUR/USD pair had a fairly quiet session on Friday as the 1.25 level continue to hold the support. However, it does in fact look like we are trying to form some type of bearish flag.
USDCAD remains in downtrend from 1.0445, the rise from 1.0159 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0000. Key resistance is at 1.0445, only break...
USDCHF may be forming a cycle bottom at 0.9421 on daily chart. Key resistance is at 0.9600, a break above this level will indicate that the uptrend from 0.8931 has resumed, then further rise towards 1.0000 could...
USDJPY is facing 80.61 key resistance, a break above this level will confirm that the downward movement from 84.17 has completed at 77.66 already, then the following upward movement could bring price to 83.00 area. Support is...
AUDUSD may be forming a cycle top at 1.0223 on daily chart. Further decline would likely be seen next week, and next target would be at 0.9850 area. However, the fall from 1.0223 would possibly be consolidation...
GBPUSD may be forming a cycle top at 1.5776 on daily chart. Further fall to test 1.5268 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6301, then next...
