AUDUSD stays below a downward trend line of daily chart and remains in downtrend from 0.9756. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
GBPUSD continues its upward movement from 1.5854 and the rise extended to as high as 1.6577. Support is now at 1.6330, as long as this level holds, further rise could be expected, and next target would be...
EURUSD broke above 1.3832 resistance and reached as high as 1.3892, suggesting that the uptrend from 1.2756 has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support is now at 1.3625,...
The USD/JPY pair initially fell during the session on Friday, but as you can see powered higher later in the day to close above the 105 level. We have now reached of the target that we had...
The USD/CAD pair initially fell on Friday, but as you can see the 1.06 level exerted is influence again, pushing the markets much higher. We ultimately closed above the 1.07 handle, and as a result we think...
The GBP/USD pair rose during the session on Friday, but as you can see got back below the 1.65 level in order to form a shooting star. The shooting star shows that the market is ready to...
The EUR USD pair had an extraordinarily violent move to the upside on Friday, breaking above the 1.38 handle. However, you can see that the market pulled back from that area, signifying that perhaps it was more...
The AUD/USD pair try to rally during the session on Friday, but as you can see the sellers to go over and push this market down. Pushing the market down like this has formed a shooting star,...
The USD/JPY pair rose yet again during the session on Thursday is traders came back and attempted to push the market to the 105 level. That of course is a psychologically significant level, and is the target...
The USD/CAD pair fell during the bulk of the session on Thursday, but found enough support just above the 1.06 handle in order to bounce and form a hammer. This hammer of course suggests that the area...
