The GBP/USD pair went back and forth during the session on Friday, forming a relatively neutral candle that closed just slightly negative. That being the case, we are still in the middle of two significant areas, and...
The EUR/USD pair rose during the session on Friday, but as you can see really didn’t have a lot of strength to it. In the end, the market has been less than exciting lately, simply consolidating and...
The AUD/USD fell initially during the session on Friday, but as you can see below the 0.90 handle we found enough support to cause the market to bounce and form a hammer.
USDCAD’s upward movement from 1.0245 extends to as high as 1.0568. Further rise to test 1.0608 resistance is possible next week, a break of this level will signal resumption of the longer term uptrend from 0.9632 (Sep...
USDCHF is testing 0.9130 support, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then further decline towards 0.8500 could be seen. Key resistance is at 0.9400, only break above this level...
USDJPY broke above the upper line of the price channel on daily chart, suggesting that the fall from 101.53 had completed.
AUDUSD stays in a trading range between 0.8847 and 0.9344. As long as 0.9344 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0582, one more fall to 0.8500...
GBPUSD’s upward movement from 1.4813 extended to as high as 1.5717. Support remains at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and...
EURUSD broke above 1.3415 resistance, suggesting that the uptrend from 1.2747 has resumed. Further rise could be expected next week, and next target would be at 1.3600 area.
An important part of any beginner’s learning strategy should be on knowing the difference between fundamental analysis and technical analysis. A lot of investors/traders do a fundamental or technical analysis before putting their money at stake. As...
