EURUSD is facing 1.3699 resistance, a break above this level will indicate that the downtrend from 1.3892 is complete, then the following upward movements could bring price to 1.4500 area. On the other side, as long as...
CAD/JPY might be in for more losses, as the pair just broke below the support of the rising channel on its 4-hour time frame. Stochastic is already in the oversold zone but hasn’t crossed upwards, indicating that...
The USD/JPY pair fell during the session on Wednesday richly, but bounced in order to form a somewhat positive looking candle. However, we are still well below the 105 level which of course is resistance. In order...
The USD/CAD pair exploded to the upside on Wednesday, breaking above the 1.10 level for the second day in a row, only this time we managed to stay above it and more importantly broke the top of...
The GBP/USD pair shot through the 1.65 handle during the session on Wednesday, breaking above the first area that we had mentioned needed to be cleared for the buyers to take over again. On top of that,...
The EUR/USD pair tried to rally during the session on Wednesday, but found far too much resistance in order to continue and keep the gains. The shape of the shooting star of course suggests that more selling...
The AUD/USD pair shot higher during the session on Wednesday, breaking back above the 0.88 level. The Australian dollar has been beat up rather significantly, so this bounce of course would have been expected at one point...
USDCAD’s upward movement from 1.0588 extends to as high as 1.1111. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Initial support is at 1.1030, and the key support...
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8986. As long as the channel support holds, further rise could be expected after a minor consolidation, and next target would be...
USDJPY is facing 104.92 resistance, a break above this level will indicate that the uptrend from 96.57 (Oct 8, 2013 low) has resumed, then next target would be at 110.00 area. Key support is at 102.85, only...
