USDCAD’s downward movement extended to as low as 1.0182. Further decline is still possible, and next target would be at 1.0000 area. Resistance is at 1.0420, only break above this level could trigger another rise towards 1.0750.
USDCHF broke below 0.9130 support, suggesting that the downtrend from 0.9751 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area.
USDJPY continues its 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). As long as 93.79 key support holds,...
AUDUSD broke above 0.9344 key resistance, suggesting that the downtrend from 1.0582 had completed at 0.8847 already. Further rally would be expected next week, and next target would be at 0.9800 area.
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
EURUSD broke above 1.3451 resistance, suggesting that the uptrend from 1.2756 has resumed. Further rise could be expected, and next target would be at 1.3750 area. Support is now located at the upward trend line on daily...
The USD/JPY pair tried to rally during the Friday session, but pulled bank and formed a shooting star. This shooting star signifies to us that we are about to continue to consolidate, and therefore a little bit...
The USD/CAD pair rose during the session on Friday, but still looks very vulnerable to the downside. At this moment time though, we do recognize the fact that the weekly candle is a bit of a hammer,...
The GBP/USD pair went back and forth during the session on Friday, essentially printing a neutral candle. This neutral candle of course is sitting on top of the 1.60 handle, so it is possible that this could...
The EUR/USD pair did almost nothing during the session on Friday, but once it fell slightly, you can see that the market did bounce enough to form a little bit of a hammer.
