USDJPY is facing 77.92 support, a break below this level will indicate that the sideways movement started from 77.66 has completed, then further decline to 76.00 could be seen. Key resistance is at 79.65, only break above...
AUDUSD bounces strongly from 1.0167, suggesting that a cycle bottom has been formed on daily chart. Further rise could be expected after a minor consolidation, and next target would be at 1.0500 area. Key support is at...
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6033. The pair is now facing the resistance of the upper line of the price channel on daily chart, consolidation could be expected over the next several...
EURUSD breaks above 1.2747 key resistance, suggesting that the downtrend from 1.3486 has completed at 1.2042 already. Further rise could be expected after a minor consolidation, and next target would be at 1.3000 area. Support is now...
Cable has started to show signs of possible weakness. This morning it has started to fall after positing a shooting start on the 4-hour chart. Momentum is diverging widely with price on the daily supporting the bearish...
Eurodollar has moved up to the upper channel line and hit resistance. It has also finished an A-B-C formation and therefore it will probably fall from here, down to perhaps support at 1.2625, although there are no...
The USD/JPY pair spiked during the Thursday session as the “risk on” trade came into play. The 70.75 level has given way; we think that this pair could continue higher. In fact, overall we think that the...
The USD/CAD pair fell hard during the Thursday session and crashed into the support level at the 0.98 level. One thing you should know about this currency pair is that it is highly sensitive to the jobs...
The GBP/USD pair rose during the session after initially falling on Thursday in order to break above the highs from the previous session. This is a bullish turn of events, and it does look like we are...
The EUR/USD pair fell during most of the session on Thursday, but managed to bounce in order to form a bit of a hammer. We are currently sitting just below the 50% Fibonacci retracement from the fall...
