The AUD/USD pair fell during most of the session on Monday, but as you can see bounced in order to form a perfect hammer. In fact, what’s so interesting about this is that the technical buy signal...
USD: Bullish Although the sequestration in the U.S. which started last week will likely have long-term negative effects on the economy, this event rendered price action dependent on risk sentiment once again.
Another retracement opportunity is presenting itself on EUR/USD’s 1-hour time frame as the pair has been stalling above the 1.3000 major psychological level. Drawing a trend line connecting the highs of the price shows that the potential...
USDCAD’s upward movement from 0.9932 extends to as high as 1.0341. Further rise could be expected after a minor consolidation, and next target would be at 1.0500 area.
USDCHF breaks above 0.9388 resistance, and reaches as high as 0.9462, suggesting that the downtrend from 0.9971 had completed at 0.9021 already. Further rise is still possible and next target would be at 0.9600 area.
USDJPY broke below the upward trend line on daily chart, suggesting that lengthier consolidation of the uptrend from 77.14 is underway. Range trading between 90.00 and 94.54 would likely be seen over the next several days.
AUDUSD remains in downtrend from 1.0597, and the fall extends to as low as 1.0182. Further decline is still possible and next target would be at 1.0000 area. Key resistance is at 1.0400, only break above this...
GBPUSD continues its downward movement from 1.6339, and the fall extends to as low as 1.4986. Further decline is still possible after a minor consolidation, and next target would be at 1.4800 area.
EURUSD’s downward movement from 1.3711 extends to as low as 1.2966. Further decline is still possible and next target would be at 1.2800 area. Resistance is at 1.3200, only break above this level will indicate that a...
The USD/JPY pair shot straight up during the Friday session as the couple of hammers that had formed previously proved their worth. We did breakout though, as it was simply a return to the middle of consolidation,...
