EURUSD’s fall from 1.3773 extended to as low as 1.3643, the subsequent bounce is likely resumption of the uptrend from 1.3477. Further rise to test 1.3773 resistance could be expected, a break above this level will trigger...
There has been plenty of talk about the European Central Bank and its next steps as more and more signs point to deflationary pressures in several member countries including Spain and Germany. Overall the economic recovery in...
The USD/JPY pair rose during the session on Wednesday, continuing to grind sideways as we continue to build a bit of a base down in this general vicinity. If we can get above the 103 level though,...
The USD/CAD pair when higher during the session on Wednesday, breaking above the 1.11 level. However, we have not broken above the 1.12 level, so we are still in the consolidation area that we have been in...
The GBP/USD pair went back and forth during the session on Wednesday, but ended up going nowhere by the time the market closed. The resulting candle suggests that what we had anticipated during the previous two sessions,...
The EUR/USD pair fell during the session on Wednesday, breaking below the 1.37 level. This is an area that was offering relatively decent support, but the fact that we fell below this area doesn’t exactly trigger a...
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.8950 level to bounce slightly. However, we look at this more or less as a consolidation area that we have been...
USDCAD remains in downtrend from 1.1192, the rise from 1.1054 is likely correction of the downtrend. Another fall would likely be seen, and next target would be at 1.0980 area. Resistance is at 1.1192, only break above...
USDCHF broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.9081 had completed at 0.8852 already. Further rally would likely be seen over the next several days, and next...
USDJPY remains in uptrend from 100.75. The price action from 102.70 is likely consolidation of the uptrend. Another rise would likely be seen after consolidation, and the target would be at 103.50 area. Key support is at...
