USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8940. Resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the...
USDJPY is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 100.75 could be treated as consolidation of the downtrend from 105.44, another fall towards...
AUDUSD is facing 0.9085 resistance, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be treated as consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), another fall towards...
GBPUSD’s upward movement from 1.6252 extended to as high as 1.6487. Further rise could be expected after a minor consolidation, and next target would be at 1.6600 area. Support is at 1.6340, only break below this level...
EURUSD is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 1.3477 could be treated as consolidation of the downtrend from 1.3892 (Dec 27, 2013...
NZD/USD recently broke below the ascending trend line on its 4-hour time frame and dipped below the .8100 mark. However, weak data from the US and improved risk sentiment have allowed the pair to pull back to...
The USD/JPY pair spent most the day falling on Monday, but did gapped higher at the open. Essentially, we ended up filling that gap and showing that the 102 level is in fact going to be supportive....
The USD/CAD pair did very little during the session on Monday, but it did prove one thing: that the 1.10 level is indeed still going to be supportive. Because of this, we think that buying this market...
The GBP/USD pair went back and forth on Monday, hovering around the 1.64 level. The fact that we have not pulled back after forming such a positive candle on Friday does suggest that perhaps there is still...
The EUR/USD pair rose during the session albeit slightly on Monday. We think this market continues to go higher but should have quite a bit of resistance just above. With that, we don’t feel that it’s prudent...
