EURUSD is now in downtrend from 1.3810, the rise from 1.3625 is treated as consolidation of the downtrend. Further decline would likely be seen over the next several days, and next target would be at 1.3550 area....
AUDUSD broke below 0.8847 previous low support, suggesting that the downtrend from 1.0582 (Apr 11 high) has resumed. Further decline could be expected, and next target would be at 0.8500 area. Initial resistance is located at the...
GBPUSD’s upward movement from 1.5854 extended to as high as 1.6481. Initial support is at 1.6220, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7000 area....
EURUSD failed to break above 1.3832 resistance, suggesting that lengthier consolidation of the uptrend from 1.2756 is underway. Range trading between 1.3296 and 1.3832 would likely be seen in a couple of weeks. Initial support is at...
USDCAD remains in uptrend from 1.0182 and the rise extended to as high as 1.0737. Initial support is located at the lower line of the upward price channel on daily chart, as long as the channel support...
After breaking below 0.8890 support, USDCHF rebounded from 0.8832, indicating that consolidation of the downtrend from 0.9751 is underway. Further rally is still possible and the target would be at the upper line of the price channel...
USDJPY broke above 103.73 resistance, suggesting that the uptrend from 75.57 (Oct 31, 2011 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 107.00 area. Support is...
The USD/JPY pair went back and forth during the session on Friday, but essentially ended up running a shooting star. We are sitting just above the 104 level, and think that this market is getting ready to...
The USD/CAD pair tried to break out to the upside on Friday, but as you can see above the 1.07 level ran into a bit of trouble and ended up pulling back and forming a shooting star....
The GBP/USD pair did very little during the session on Friday, as we continue to hover around the 1.6350 handle. This market looks like it’s quieting down for the holiday season, but we do believe that ultimately...
