USDCHF remains in downtrend from 0.9971, the price action in the range between 0.9214 and 0.9437 is treated as consolidation of the downtrend. As long as 0.9437 resistance holds, the downtrend could be expected to resume, and...
Being contained by 80.61 resistance, USDJPY pulls back from 80.37, suggesting that a cycle top is being formed on daily chart. Range trading between 79.00 and 80.61 would likely be seen next week.
AUDUSD has formed a cycle bottom at 1.0149 on daily chart. Further rise could be expected next week, and the target would be at 1.0500-1.0600 area. However, the price action from 1.0612 is treated as consolidation of...
GBPUSD’s fall from 1.6309 extends to as low as 1.5913. Key resistance is now at 1.6180, as long as this level holds, deeper decline is still possible and the target would be at 1.5800 area.
EURUSD traded in a range between 1.2803 and 1.3171 for several weeks. The price action in the range is likely consolidation of the uptrend from 1.2042. Support is at 1.2803, the uptrend could be expected to resume...
The USD/JPY pair fell during the session on Friday as the risk appetite fell around the world. The 80 handle continues offer significant resistance, and we could not get above the all-important 80.50 level. If that level...
The USD/CAD pair rose during the session on Friday in order to test the parity level as resistance. The level did hold at the end of the day, but is currently being threatened.
The GBP/USD pair fell slightly during the Friday session as we attempted to break out above the 1.61 handle. However, it must be said that this pair is starting to show real signs of strain, and as...
The EUR/USD pair fell during the session on Friday but found a bit late in the day in order to form a hammer. This hammer was formed directly after a shooting star, so it does suggest to...
The AUD/USD pair fell during the Friday, but got a bit once we got below the 1.03 level. This formed a hammer, and as such it looks like we have support to go higher. However, we have...
