AUDUSD’ upward movement from 0.8660 extended to as high as 0.9294. Further rise could be expected, and the target would be at 0.9600 area. Support is located at the upward trend line on daily chart, only a...
Being contained by the lower line of the price channel on daily chart, GBPUSD rebounded from 1.6465, suggesting that the fall from 1.6822 had completed. Further rise to test 1.6822 resistance could be expected, a break above...
EURUSD’s fall from 1.3966 extended to as low as 1.3705. Deeper decline is still possible, and the target would be at 1.3550 area. Resistance is at 1.3875, only break above this level will indicate that the uptrend...
The USD/JPY pair rose during the session on Friday, breaking above the recent resistance that we’ve seen. However, we still see plenty of resistance above, so it’s not necessarily the “all clear” signal that we are hoping...
The USD/CAD pair fell during the bulk of the session on Friday, but found enough support at the 1.10 level to turn things back around and form a little bit of a hammer. This suggests that we...
The GBP/USD pair rose during the session on Friday, plowing towards the 1.6650 handle. That is an area that has offered a bit of resistance in support previously, so wouldn’t surprise us to see this market pullback...
The EUR/USD pair initially fell during the session on Friday, but bounced enough to form a hammer. This hammer suggests that we are going to continue to grind away in this general vicinity, and as a result...
The AUD/USD pair rose during the session on Friday, but as you can see got beat back closer to the 0.93 handle. The resulting action formed a shooting star, which of course means that the market could...
After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off...
The USD/JPY pair rose during the session on Thursday, but remained well within the consolidation area that we’ve seen recently. Because of this, we don’t really have much of a trade set up in this pair, but...
