After touching 0.9344 resistance, AUDUSD pulled back from 0.9353, suggesting that lengthier consolidation of the downtrend from 1.0582 is underway. Range trading between 0.8847 and 0.9344 could be expected to continue in a couple of weeks.
GBPUSD continues its upward movement from 1.4813 and the rise extends to as high as 1.5884. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend...
EURUSD broke above 1.3250 resistance, suggesting that the uptrend from 1.2756 has resumed. Further rise would likely be seen and next target would be at 1.3500 area. Support is now at 1.3105, only break below this level...
The USD/JPY pair fell during most of the session on Thursday, but as you can see bounced in order to form a hammer that is situated right around the 99.50 level. Because of this, we think that...
The USD/CAD pair rose during the session on Thursday as you can see, but still looks very weak overall. Because of this, we are not overly confident about buying this pair, and need to see a better...
The GBP/USD pair fell during the session on Thursday, but bounced hard enough off the 1.5750 level in order to form a hammer. This hammer tells us that this market wants to go higher, and as a...
The EUR/USD pair fell during the session on Thursday, but as you can see found enough support at the 1.3250 level in order to bounce and form a hammer. This just solidifies our opinion that this market...
The AUD/USD pair fell hard during the session on Thursday, but found enough support to keep from falling too far. We look at this market has been a bit on the bearish side, for the short term,...
NZD/USD has been trending higher on its 1-hour time frame, thanks to rate hike speculations confirmed by the recent RBNZ meeting. The pair is currently stalling close to the .8100 handle, which might be a good entry...
A forex trader will often encounter the term ‘risk/reward ratio’. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?
