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’s upward movement from 0.8847 extends to as high as 0.9677. Further rise could be expected, and next target would be at 1.0000 area. Initial support is at 0.9550, and the key support is at 0.9400, only...
After touching the upward trend line on daily chart, GBPUSD rebounded from 1.5894, suggesting that the pair remains in uptrend from 1.4813. Further rise would likely be seen, and next target would be at 1.6650 area.
After consolidation, EURUSD continues its upward movement from 1.2756, and the rise extends to as high as 1.3703. Further rise could be expected, and next target would be at 1.4000 area.
The USD/JPY pair fell during the session on Friday, but as you can see found enough support in the general vicinity of the 97.50 handle in order to form a hammer. This hammer signifies of the market...
The USD/CAD pair fell initially during the session on Friday, but as you can see formed a nice looking hammer which suggests to us that this area could cause a bounce. That being the case, we think...
The GBP/USD pair tried to rally during the session on Friday, but as you can see the 1.60 level offered far too much resistance, creating a shooting star for the day. The shooting star is very negative...
The EUR/USD pair tried to rally during the session on Friday, but as you can see barely when anywhere in gave up half of what little bit of gains it did get. This tells us that the...
The AUD/USD pair shot higher during the session on Friday again, showing just how strong the Australian dollar has suddenly become. This of course is because the Federal Reserve looks unlikely to taper off of quantitative easing...
GBP/JPY’s recent rallies might come to a halt and start to reverse as the pair is hitting resistance at the 157.50 to 158.00 psychological levels.
