USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 84.17. Further decline would likely be seen over the next several days, and next target would be at 79.00 area. Resistance is...
AUDUSD has formed a cycle bottom at 1.0225 on daily chart. Further rally would likely be seen next week, and next target would be at 1.0600 area. However, the rise from 1.0225 is treated as correction of...
GBPUSD’s upward movement from 1.5602 extends to as high as 1.6279. Further rise is still possible next week and next target would be at 1.6450 area. Support is now at 1.6150, only break below this level could...
EURUSD failed to break below 1.2975 key support, and traded in a range between 1.2975 and 1.3486 for several weeks. Lengthier sideways movement in the range could be expected next week. Another fall to re-test 1.2975 support...
European news has dominated the forex market with a steady narrative of an ongoing saga, making it easy to forget the Europeans do not have a monopoly on a saga of troubled times. Last night we got...
The USD/JPY pair is without a doubt one of the most interesting pairs at the moment. In this market you have a matchup of two central banks that seem dead set on killing off their currencies.
The USD/CAD pair bounced hard on Thursday as the 0.98 handle came into the mix in order to give the pair a lift. The recent consolidation did in fact breakdown in order to test the handle, but...
The GBP/USD pair rose again during the Thursday session as the breakout continues. However, by the end of the session we saw a doji, and the last couple of days are starting to look a bit exhausted,...
The EUR/USD pair tried to gain overall during the session on Thursday, but was repelled by the end of the session to form a bearish candle.
The AUD/USD pair rose on Thursday in order to reach the 200 day exponential moving average. The indicator is often used by trend traders, and as such will often act as dynamic support and resistance.
