USDJPY is facing 121.84 resistance, a break of this level will signal resumption of the uptrend from 101.06, then next target would be at 130.00 area. Key support is at 115.56, only break below this level will...
AUDUSD’s downward movement from 0.9504 extended to as low as 0.8087. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the downward trend line on...
After consolidation, GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.5485. Key resistance is at 1.5825, as long as this level holds, the downtrend could be expected to continue, and...
EURUSD’s downward movement from 1.3993 extended to as low as 1.2164. Near term resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected...
Here are the Top Forex Developments for the trading week between 12/22/14 and 12/26/14: Number One: Canadian GDP Forex traders received a positive surprise on Tuesday out of Canada with the release of its Gross Domestic Product...
The USD/JPY pair did very little during the course of the session on Wednesday, as we continue to hang out above the 120 level. With that being the case, we feel it’s only a matter time before...
The USD/CAD pair broke higher during the session on Wednesday after initially falling. Because of this, we ended up forming a hammer and then of course is a positive sign. The ultimately though, we feel that this...
The GBP/USD pair broke higher during the course of the session on Wednesday, as we tried to bounce back into the previous consolidation area. Although we closed at the very top of the range for the session,...
The EUR/USD pair as you can see initially tried to rally during the course of the day on Wednesday, but as you can see turned back around in order to form a shooting star. Ultimately, this means...
The AUD/USD pair did almost nothing during the session on Wednesday, as we continue to hang about the 0.81 level. That being the case, if we can rally from here, we think that this market can bring...
