USDCAD is facing 1.0159 support, a breakdown below this level will indicate that the downtrend from 1.0445 has resumed, then further decline towards 1.0000 could be seen. Key resistance is at 1.0445, only break above these levels...
USDCHF stays in a trading range between 0.9421 and 0.9769. Support is at 0.9421, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.8931, another rise...
USDJPY is now in uptrend from 77.66. Further rise would likely be seen next week and next target would be at 82.00 area. Support is at 79.00, only break below this level could indicate that the rise...
AUDUSD break above 1.0223 resistance, suggesting that the uptrend from 0.9581 has resumed. Further rise could be expected next week and next target would be at 1.0500 area. Support is at 0.9965, only break below this level...
GBPUSD is facing 1.5776 resistance, as long as this level holds, the rise from 1.5268 could be treated as correction of the downtrend from 1.6301, another fall towards 1.5000 is still possible. However, a break above 1.5776...
EURUSD is facing 1.2747 resistance, a break above this level will indicate that the downward movement from 1.3486 has completed at 1.2288 already, then the following upward movement could bring price to 1.3200 area. However, as long...
Years ago, when working as a grain analyst for Merrill Lynch in Chicago, we had a meat analyst whose trading recommendations were almost always wrong.
USD/JPY fell on Thursday session, but recouped much of its losses. The resulting candle was a hammer, and it does look like we are starting to see some significant support at the 79.50 level. Below this area...
The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of...
GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in...
