GBP/USD is still on its current uptrend, based on the rising channel on the pair’s 1-hour time frame. The pair just came off a dip and bounced from the 1.5600 area to the 1.5900 mark last week...
The USD/JPY pair fell during the session after gapping lower on Monday, but as you can see spent the rest the day trying to go higher. If we can get above the top of the hammer, we...
The USD/CAD pair fell during the session as you can see on Monday, but found enough support just below the 1.03 handle in order to form a hammer. We feel this area is rather supportive, and therefore...
The GBP/USD pair gapped higher at the open on Monday, but as you can see spent most of the day pulling back. We’ve gone too close to the 1.60 handle to short of amount of time in...
The EUR/USD pair gapped higher at the open on Monday, but as you can see spent the rest of the day pulling back. This however does look like it’s somewhat supportive though, and because of that we...
The AUD/USD pair rose during the session on Monday, but as you can see failed at the 0.93 area in order to form a shooting star for the day. Although having said that, we did gap higher...
USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce.
USDCAD’s downward movement from 1.0568 extended to as low as 1.0305. Further decline would likely be seen and next target would be at 1.0200 area. Resistance is at 1.0420, only break above this level could trigger another...
USDCHF remains in downtrend from 0.9751, the rise from 0.9147 is likely consolidation of the downtrend. Another fall to test 0.9130 support would likely be seen, a breakdown below this level will signal resumption of the downtrend.
USDJPY stayed in a trading range between 93.79 and 103.73 for several months. As long as 93.79 key support holds, the price action from 103.73 could be treated as consolidation of the uptrend from 75.57 (Oct 31,...
