AUDUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend from 0.9756 could be expected to resume, and another fall towards 0.8500 is still...
GBPUSD remains in uptrend from 1.5854, the fall from 1.6593 could be treated as consolidation of the uptrend. Initial support is at the lower line of the price channel on daily chart, as long as the channel...
EURUSD broke below 1.3625 support, suggesting that the upward movement from 1.3296 had completed at 1.3892 already. Deeper decline would likely be seen, and the target would be at the lower line of the price channel on...
The USD/JPY pair fell initially during the session on Friday, but as you can see found enough support at the 104 level to bounce and form a nice-looking hammer. This only reinforces our idea that this market...
The USD/CAD pair fell during the bulk of the session on Friday, but as you can see showed support at the 1.06 handle yet again. This is the bottom of a consolidated area that the market has...
The GBP/USD pair initially try to rally during the session on Friday, but as you can see continue to fall and closed at the 1.64 level. This begins a significant amount of support at this area, so...
The EUR/USD pair fell again for the second session or a row on Friday, challenging the 1.36 support region. There is a significant amount of support below though, so even though this market looks like it’s going...
The AUD/USD pair rallied during the session on Friday, but found enough resistance of the 0.90 level in order to pull back and form a shooting star. This only reinforces the bearishness of this pair, and therefore...
The USD/JPY pair fell hard during the session on Thursday, slicing through the 105 level. However, market conditions are very illiquid so we don’t read too much into this. We expect this pair to continue to meander...
The USD/CAD pair fell during the bulk of the session on Thursday, but found the 1.06 handle supportive yet again. We believe this continues the consolidation pattern of 1.06 be in the bottom, while 1.07 or so...
