The USD/JPY pair initially fell during the session on Monday, but found enough support at the 104 level in order to bounce and form a hammer. In the last three sessions, we have had a hammer, a...
The USD/CAD pair fell during the balance of the session on Monday, but as you can see the 1.06 level has offered support again. This area has been supportive several times now, and as a result we...
The GBP/USD pair tried to rally during the session on Monday, but as you can see failed to hang onto the gains for any great length of time. Doesn’t really matter though, this is a market that...
The EUR/USD pair rose during the session on Monday, breaking through the 1.37 level at one point during the day. However, there is a significant amount resistance between here and the 1.38 level, so we think that ultimately this...
The AUD/USD pair tried to rally on Monday, but as you can see gave back most of the gains. The resulting candle is a little bit of a shooting star, so break lower is enough to get us to...
USDCAD remains in uptrend from 1.0182 (Sep 19 low), the price action from 1.0707 could be treated as consolidation of the uptrend. Deeper decline would likely be seen in a couple of days, and the target would...
USDCHF is now in uptrend from 0.8832, the fall from 0.9000 is treated as consolidation of the uptrend. Further rise could be expected and the target would be at 0.9050 area. Key support is at 0.8832, only...
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25 low), the fall from 104.63 is likely consolidation of the uptrend. Key support is located at the lower line...
AUDUSD remains in downtrend from 0.9756 (Oct 23 high), the rise from 0.8820 could be treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as...
GBPUSD moved sideways in a range between 1.6219 and 1.6481 for several days. As long as 1.6219 key support holds, the price action in the range could be treated as consolidation of the uptrend from 1.5854, another...
