Ever since AUD/USD breached the 1.0200 major psychological level, it has been on a very strong selloff, even breaking below parity. The trend remains very bearish for the pair and there could be shallow retracements for the...
USDCAD is facing 1.0341 resistance, a break above this level will indicate that the uptrend from 0.9632 has resumed, then further rise to 1.0500 area could be seen.
USDCHF’s upward movement from 0.9021 extends to as high as 0.9760. Further rise to test 0.9971 resistance is possible next week. As long as 0.9971 resistance holds, the rise from 0.9021 could be treated as correction of...
USDJPY continues its upward movement from 77.14 (Sep 13, 2012 low), and the rise extends to as high as 103.30. Further rise is still possible next week, and next target would be at 106.00 area.
AUDUSD’s fall from 1.0582 extends to as low as 0.9711. Further decline would likely be seen next week, and next target would be at 0.9500 area. Resistance is at 0.9900, as long as this level holds, the...
GBPUSD broke below the lower line of the price channel on daily chart suggesting that the uptrend from 1.4831 had completed at 1.5605 already. Deeper decline is still possible next week, and the target would be at...
EURUSD is facing 1.2747 support, as long as this level holds, the fall from 1.3242 could be treated as correction of the uptrend from 1.2747, another rise to 1.3500 area is still possible after correction.
The USD/JPY pair had a solid showing on Friday, closing the very top of the range. We clear the 103 level finally, and now it appears that the market is ready to continue much higher.
The USD/CAD pair had a smashing day on Friday as it took off to the upside gaining almost 130 pips. Looking at this candle, it’s obvious that the market is bullish, but the 1.03 level did of...
The GBP/USD pair fell during the session on Friday, clearing the 1.5250 level again. This market looks especially bearish considering that we have broken down below the lows from the hammer on Wednesday as well.
