USDJPY is facing 112.71 resistance. A break of this level could take price to next resistance level at 113.91. Near term support is at 111.69, only break below this level could trigger further decline towards 110.84. Below...
AUDUSD extended its downside movement from 0.7644 to as low as 0.7550. Deeper decline to test 0.7532 support is still possible. A breakdown below this level will indicate that the downtrend from 0.7897 has resumed, then next...
GBPUSD extended its upside movement to as high as 1.3549. Further rise is still possible after a minor consolidation and next target would be at 1.3657 (Sep 20 high). Near term support is at 1.3425, only a...
EURUSD rebounded from 1.1809 after touching the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.1554. Another rise could be expected after consolidation and a breakout of 1.1961 resistance...
The US dollar has been very volatile against the Japanese yen during Thursday trading, but as you can see we have rallied, pulled back, formed an hourly hammer, and then rallied again. I think that if we...
The US dollar rallied significantly during the day, and then pulled back to test the lows of the session again, and then rallied again on Thursday to break above the 1.29 handle. If we can continue the...
The British pound initially rally during the day on Thursday, but then pulled back a little bit to find buyers again at the 1.3435 level. The market has since broken above the 1.35 level, only to find...
The EUR/USD pair has been very noisy during the trading session on Thursday, pulling back slightly towards the 1.1825 handle, and then shooting to the upside. It now looks likely that we are going to continue to...
The Australian dollar was very choppy during the Thursday session, reaching towards the 0.76 level a couple of times, but failing and rolling over. I currently believe that we are trying to build up enough momentum to...
USDCAD recently broke out of a long-term descending triangle pattern to signal that an uptrend is underway. Price hit resistance around the 1.2900 mark and is starting a correction to the broken triangle resistance. Applying the Fib...
