USDCAD is now in downtrend from 1.0608. Further decline could be expected next week, and the first target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion of...
USDCHF’s downward movement from 0.9751 extended to as low as 0.9353. Further decline could be expected, and next target would be at 0.9150 area. Key support is at 0.9130, a breakdown below this level could trigger another...
USDJPY is forming sideways movement in a range between 93.79 and 103.73, the price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). The sideways movement could be expected to...
AUDUSD remains in downtrend from 1.0582, the rise from 0.8998 could be treated as consolidation of the downtrend. Key resistance is at 0.9344, as long as this level holds, the downtrend could be expected to resume, and...
After touching 1.4831 support, GBPUSD rebounded strongly from 1.4813, and the rise extended to as high as 1.5281. Further rally would likely be seen next week, and next target would be at 1.5550 area.
EURUSD stays in a trading range between 1.2756 and 1.3415. Another rise to test 1.3415 resistance would likely be seen next week, as long as this level holds, the price action from 1.2747 could be treated as...
The USD/JPY pair went back and forth during the session on Friday, but bounced off of the 100 area in order to form a hammer. We have been very bullish of this market for the longest time...
The USD/CAD pair fell during the session on Friday, in order to stay within the grinding range that we have been in recently. We have to admit though, this is not a positive sign for this pair...
The GBP/USD pair rose during the session on Friday, breaking above the recent high that we had formed on Wednesday. Now that we have clear the 1.5250 handle easily, it appears that we are heading towards 1.55...
The EUR/USD pair had a slightly positive session on Friday, as we got above the 1.31 handle again. What’s been interesting about this pair is that there have been so many hammers form lately, one would think...
