After touching 1.6012 resistance, AUDUSD pulled back from 1.0624, suggesting that lengthier consolidation of the uptrend from 0.9581 is underway. Deeper decline could be expected over the next several days, and the target would be at 1.0200...
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6309. Further rise is still possible after a minor consolidation, and next target would be at 1.6500 area. Support is at 1.6050, as long as this level...
EURUSD remains in uptrend from 1.2042, the fall from 1.3171 is likely consolidation of the uptrend. Range trading between 1.2800 and 1.3171 is expected over the next several days. Another rise could be seen after consolidation, and...
The USD/JPY pair initially trying to rise during the session on Friday, but fell in the end to form a bit of a shooting star. However, we are sitting just above the 78 handle which of course...
The USD/CAD pair originally fell during the session on Friday, but did bounce in order to form a hammer. This directly competes with the shooting star from the day before, but we also see the 0.98 handle...
The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. However, by the end of the day we saw a pullback that formed a shooting star.
The EUR/USD pair tried to rally during the Friday session above the 1.30 level, but failed and formed a shooting star. This is a market that has been very overbought for a while now, and a pullback...
The AUD/USD pair rose during the session on Friday, but would be beat back at the 1.05 level. The previous day of course saw a hammer, as did the two before that. With that being said, it...
In the previous European trading session, the Euro lost against the Great British pound as manufacturing and services activity in the Euro Zone contracted in September, despite the European Central Bank’s bond-buying plans, adding pressure to the...
The Dollar Index is trading flat at 79.42 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges.
