USDJPY is facing 101.77 support, a breakdown below this level will signal resumption of the downtrend from 105.44, then next target would be at 100.50 area. However, as long as 101.77 support holds, the consolidation of the...
AUDUSD remains in downtrend from 0.9085, the price action from 0.8756 could be treated as consolidation of the downtrend. Key resistance is at 0.8887, as long as this level holds, the downtrend could be expected to resume,...
GBPUSD remains in short term downtrend from 1.6668, the rise from 1.6474 is treated as correction of the downtrend. Another fall towards the bottom of the price channel on 4-hour chart would likely be seen after correction....
EURUSD’s fall from 1.3739 extended to as low as 1.3603. However, the fall is likely consolidation of the uptrend from 1.3507. as long as 1.3595 support holds, the uptrend could be expected to resume, and one more...
According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible...
The USD/JPY pair had another positive session on Tuesday, as the buyers have stepped up pressure again. This market will be especially sensitive to the FMOC meeting announcement later today, so quite frankly we think waiting until...
The USD/CAD pair went back and forth during the session on Tuesday, although it did find support below the 1.11 level. Because of this, it formed a neutral candle that almost looks a little like a hammer,...
The GBP/USD pair went back and forth during the session on Tuesday, essentially settling nothing. This candle is very neutral, and we believe that the area below offers enough support that we really can break down significantly,...
The EUR/USD pair fell during the session on Tuesday, but as you can see bounced enough to close above the 1.3650 level. With this hammer, it appears that the market is going to simply grind sideways in...
The AUD/USD pair had a positive session on Tuesday, breaking above the 0.88 level at one point in time, but falling back down before the day closed. Nonetheless, this market looks like it should run into a...
