GBPUSD is testing the resistance of the top of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785,...
EURUSD remains in downtrend from 1.2569. As long as the trend line resistance holds, the rise from 1.1097 could be treated as consolidation of the downtrend, and another fall towards 1.0500 is still possible after consolidation. Only...
The USD/JPY pair fell during the majority of the session on Tuesday, but found enough support near the 117.25 level to bounce slightly. Ultimately, this looks like a market that is ready to continue grinding sideways, so...
The USD/CAD pair fell during the course of the day on Tuesday, breaking the back of a hammer from Monday. That essentially makes the hammer from Monday a “handyman”, which of course is a very bearish sign....
The GBP/USD pair broke higher during the course of the session on Tuesday, testing the 1.52 level. We believe that this market is still consolidating, so therefore we are not willing to buy it into we get...
The EUR/USD pair broke higher during the course of the session on Tuesday as the Core Durable Goods Orders number came out light in the United States. Because of this, the US dollar sold off and the...
The AUD/USD pair tried to break higher during the course of the session on Tuesday, but as you can see struggled at the 0.80 level. That area was once massive support, and the fact that we have...
AUDUSD has previously made a strong break below support at the .8100 major psychological level and dipped below .7900 at the start of this trading week. Price appears to be making a pullback to the area of...
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USDCAD remains in uptrend from 1.1560, the fall from 1.2500 is likely consolidation of the uptrend. Support is at 1.2250, as long as this level holds, the uptrend could be expected to continue, and next target would...
