GBPUSD’s bounce from 1.6337 extended to as high as 1.6497. Further rise to test 1.6593 previous high resistance could be expected, a break above this level could signal resumption of the uptrend from 1.5854 (Nov 12, 2013...
EURUSD’s downward movement from 1.3892 extended to as low as 1.3548. Key resistance is at 1.3655, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3450 area....
The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame. As you can see though, stochastic has reached the overbought zone, which means that...
The USD/JPY pair has been one that we been very bullish of for a significant amount of time now, and as you can see it has enjoyed a nice rally since the beginning of November. That being...
The USD/CAD pair rose during the session on Wednesday, breaking above the 1.08 handle for the first time in ages. This market appears like it’s ready to continue going higher, and therefore we are looking for short-term...
The GBP/USD pair rose during the session on Wednesday as we approach the 1.65 handle again. This is an area that we think will be overcome sooner or later, but do recognize the fact that the large,...
EUR/USD pair fell during the session on Wednesday, testing the 1.3550 level again. There is a significant cluster in this area from the end of November that we think will continue to offer a bit of support,...
The AUD/USD pair try to rally during the session on Wednesday, but as you can see fell after doing so. The resulting candle is a shooting star, and this of course suggests that the market is going...
USDCAD’s upward movement from 1.0588 extends to as high as 1.0840. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0770, as long as this level...
USDCHF remains in uptrend from 0.8799, and the rise extended to as high as 0.9126. Further rise could be expected after a minor consolidation, and next target would be at 0.9200 area. Support is now at 0.9065,...
