AUDUSD continued its downward movement from 0.7834, and the fall extended to as low as 0.7175. Further decline could be expected after a minor consolidation, and next target would be at 0.7000 area. Resistance is at 0.7380,...
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend. Further decline to test 1.3835 previous low support is possible over the next several weeks. Resistance is at 1.4769,...
EURUSD’s fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week. As long as the channel support holds, the...
The USD/JPY pair initially tried to rally during the day on Friday but turned back around to form a bit of a shooting star. Because of this, it looks as if the market could pull back from...
The USD/CAD pair rose during the course of the session on Friday, as we continue to see gains in the US dollar. However, there is a bit of a barrier at the 1.32 level, so having said...
The GBP/USD pair broke down below the bottom of the shooting star from the Thursday session during Friday, and as a result we broke down below the 1.45 handle and close towards the bottom of the range....
The EUR/USD pair found support at the 1.12 level, but did not bounce much. This being the case, we will probably try to grind higher but that’s about all we anticipate. We could go as high as...
The AUD/USD pair went back and forth during the day on Friday, as we had formed a supportive looking hammer on Thursday. Because of this, it’s very likely that the markets will find an opportunity to go...
The USD/JPY pair fell slightly during the course of the session on Thursday, breaking below the 110 level. With this being the case, the market looks as if we are struggling a bit at this large number....
The USD/CAD pair rose during the session on Thursday, breaking clear above the 1.30 level. This is an area that has been resistive, and now that we have broken above there, it looks likely that we could...
