USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2835. Deeper decline would likely be seen, and the target would be at 1.2450 area. Key resistance is at 1.2835, only break above this level...
USDJPY remains in downtrend from 122.02, the rise from 118.33 is likely consolidation of the downtrend. Resistance is at 120.36, as long as this level holds, the downtrend could be expected to resume, and further decline to...
AUDUSD is testing 0.7560 support, a breakdown below this level will signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high), then the following downward movement could bring price to 0.7000 area. Resistance is...
GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is...
EURUSD stays in the downward price channel on 4-hour chart, and remains in the short term downtrend from 1.1052. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would...
The USD/JPY pair fell during the session on Tuesday, but found enough support just below the 120 level to turn things back around and form a bit of a hammer. Because of this, if we can break...
The USD/CAD pair initially went much higher during the course of the session on Tuesday, but turned back around to form a shooting star. However, the shooting star suggests not weakness, but a continuation of the consolidation...
The GBP/USD pair rallied during the session on Tuesday, but lost about half of the gains. The area just above is massively resistive, so what we are waiting for is a break down below the bottom of...
The EUR/USD pair fell during the course of the day on Tuesday, as we are now below the 1.0750 handle. With this, we believe that the Euro continues to fall, and will eventually test the 1.05 level...
The AUD/USD pair went back and forth during the session on Tuesday, testing the 0.76 level. However, this is a market that looks like it wants to break down, and given enough time we believe it will....
