AUDUSD’s rise from 0.8756 extended to as high as 0.8887. As long as 0.8920 resistance holds, the rise could be treated as consolidation of the downtrend from 0.9085, one more fall towards 0.8500 is still possible after...
GBPUSD is facing 1.6593 resistance, a break above this level will signal resumption of the uptrend from 1.5854 (Nov 12, 2013 low), then next target would be at 1.7000. Support is now at 1.6480, only break below...
No changed in our view, EURUSD remains in downtrend from 1.3699, the rise from 1.3507 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.3400 area. Resistance...
Forex traders already received insight from two central banks today; the Bank of Japan during the Asian trading sessions and the Bank of England during the European trading session. The North American trading session will add the...
EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame. This is a classic reversal pattern and the uptrend could be confirmed once the pair breaks above the...
The AUD/USD pair went back and forth on Tuesday, hovering around the 0.88 level. This is an area that has been very important for the Australian dollar, and as we have formed a neutral candle, we suspect...
The EUR/USD pair rose after initially falling during the session on Tuesday, forming a hammer right at the 1.3550 support level. Because of this the Euro should continue to strengthen and we feel that the move is...
The USD/JPY pair try to rally during the session on Tuesday, but failed at just below the 105 level again. This is an area that has been a bit difficult for the buyers to overcome recently, so...
The USD/CAD pair tried to break above the 1.10 level during the session on Tuesday, and had some luck. However, as you can see we ended up pulling back below that level in forming a nasty looking...
The GBP/USD pair initially fell during the session on Tuesday, but pushed higher towards the 1.65 level. That level has been resistive though, and as a result it doesn’t surprise us that the market could not get...
