AUDUSD had formed a cycle top at 1.0496 on daily chart. However, the fall from 1.0496 is likely correction of the uptrend from 1.0115, pullback to 1.0200 – 1.0300 area to complete the correction could be expected...
GBPUSD broke above the resistance of the downward trend line on daily chart, suggesting that the downtrend from 1.6339 had completed at 1.4831 already. Further rally would likely be seen next week, and next target would be...
EURUSD may be forming a cycle bottom at 1.2747 on daily chart. Range trading between 1.2747 and 1.3100 would likely be seen in a couple of weeks. Key resistance is at 1.3100, as long as this level...
The USD/JPY pair initially fell during the Friday session, but buyers stepped in to pick this pair back up after a week nonfarm payroll number. Within this chart, it’s obvious that we have broken out above the...
The USD/CAD pair shot straight up during the session on Friday, cracking the 1.02 level during the day. However, we saw bit of a pullback as we approach the 1.0240 level, and it is up forming a...
The GBP/USD pair shot straight up during the session on Friday as the nonfarm payroll numbers in America came out weaker than expected. Within this chart, it appears that the clearance of the 1.53 level looks to...
The EUR/USD pair rose during the Friday session after the very poor jobs number out United States. The nonfarm payroll number came in at roughly half of what the consensus was, and as a result we saw...
The AUD/USD pair fell during most of the session on Friday, but as you see bounced significantly off of the 1.0350 level, in order to form a hammer. This hammer is focused on the 1.04 level, which...
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The USD/JPY pair shot through the roof on Thursday as the Bank of Japan announced massive stimulus measures. As you can see, we broke through the 95 handle like it wasn’t even there, and are closing roughly...
