The GBP/USD pair fell during the session initially on Monday, but bounced enough off of the 1.67 level in order to form a hammer. We believe that this market is finding enough support near that we will...
The EUR/USD pair fell during the course of the session on Monday, dipping below the 1.36 level at one point in time. The market looks like it’s ready to continue going lower, perhaps down to the 1.35...
The AUD/USD pair fell during the course of the session on Monday, but found the 0.9250 level to be supportive enough to cause the market to stop falling. There is a support “zone” going all the way...
USD/CAD has been moving sideways for almost a month already, which is not at all surprising for this pair that usually ranges. The pair has found support near the 1.0830 level and resistance at 1.0920, creating a...
USDCAD failed to break below 1.0813 support and stayed in a trading range between 1.0813 and 1.0941. As long as 1.0941 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
USDCHF’s upward movement from 0.8702 extended to as high as 0.8994. Further rise is still possible, and next target would be at 0.9050 area. Support is at 0.8932, only break below this level will indicate that the...
USDJPY broke above 102.13 resistance, indicating that the uptrend from 100.83 has resumed. Further rise could be expected and next target would be at 103.00 area. Support is now located at the upward trend line on 4-hour...
AUDUSD is facing 0.9202 support again, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement could bring price to 0.8800 area. Resistance is at 0.9329,...
GBPUSD’s rise from 1.6692 extended to as high as 1.6777. However, the rise is likely consolidation of the the downtrend from 1.6920, another fall to 1.6600 area is still possible after consolidation. Resistance is at 1.6800, only...
EURUSD stays in a trading range between 1.3586 and 1.3668. As long as 1.3668 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, and further decline to 1.3500...
