The recent risk-off market environment has pushed AUD/USD down from the top of the long-term range around 1.0600 towards the bottom. Another test of the 1.0200 major psychological level could be in the cards for this week.
The USD/JPY pair fell during the session on Monday, as the 100 level continues to be far too resistive for the buyers in this marketplace at the moment. There is talk of a massive amount of options...
The USD/CAD pair ended up closing the day fairly flat, although it did tried to rally during much of the session on Monday. However, the pullback formed a shooting star, which of course was preceded by two...
The GBP/USD pair rose during the session on Monday, showing that the 1.5250 level still offers support. Having said that, we think that this market could be consolidating at this point in time, and think that the...
The EUR/USD fell during the session on Monday, but found enough support to bounce back up and form a hammer. This hammer suggests that we are going to continue to bounce around the 1.31 handle, and as...
The AUD/USD pair went back and forth during the session on Monday, hovering around the 1.0250 level. The resulting candle is very neutral, and therefore represents a very confused market at the moment. We still see the...
A potential reversal is looming on GBP/USD as the pair formed a complex head and shoulders pattern on the 4-hour time frame.The pair is currently testing the neckline around the 1.5250 minor psychological support level.
USDCAD broke above the downward trend line on daily chart, suggesting that the downward movement from 1.0341 had completed at 1.0083 already. Further rise to test 1.0341 resistance is possible, a break above this level will indicate...
USDCHF is in downtrend from 0.9567, the rise from 0.9206 is likely consolidation of the downtrend. Resistance is at 0.9400, as long as this level holds, another fall could be expected after consolidation, and next target would...
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the fall from 99.94 is treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 1.0200 area. Support is at...
