EURUSD broke below 1.3548 support and reached as low as 1.3507, suggesting that the downward movement from 1.3892 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.3450...
USDCAD continued its upward movement from 1.0182 and the rise extended to as high as 1.0991. Further rise could be expected after a minor consolidation, and next target would be at1.1200 area. Initial support is at 1.0840,...
USDCHF stayed in a trading range between 0.8799 and 0.9249. As long as 0.9249 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9751, one more fall towards...
USDJPY remains in uptrend from 96.57, the fall from 105.44 is treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 110.00 area. Support is at 102.85, only...
After consolidation, AUDUSD broke below 0.8820 support, and continued its downward movement from 0.9756. Further decline could be expected, and next target would be at 0.8500 area. Key resistance is now at 0.9085, only break above this...
GBPUSD remains in uptrend from 1.5854, the fall from 1.6593 could be treated as consolidation of the uptrend. Support is at 1.6220, as long as this level holds, the uptrend could be expected to resume, and another...
EURUSD moved sideways in a trading range between 1.3296 and 1.3892. The price action in the range is likely consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). Pullback to the lower line of the price...
The USD/JPY pair did very little during the session on Friday as there was no real news to move the market in either direction. That being said, we still believe that the 105 level is the area...
The USD/CAD pair rose during the session on Friday slamming back into the 1.10 resistance area. This area does look like it’s about to give way though, so we feel that a daily close above this handle...
The GBP/USD pair rose during the session on Friday, but did not break above the 1.65 resistance area. Because of this, we are not overly bullish yet, but do recognize the fact that the pair is more...
