USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9081, the rise from 0.8699 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next...
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone. Resistance is at 101.95, only break above...
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed. Further rise could be expected, and next target would be at 0.9250 area. Support is at 0.9060, only break below this...
GBPUSD continued its downward movement from 1.6822, and the fall extended to as low as 1.6545. Further decline could be expected after consolidation, and the target would be at 1.6450 area. Resistance is at 1.6670, followed by...
EURUSD moved sideways in a trading range between 1.3833 and 1.3966. As long as the trend line support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3477. Further rise...
The USD/JPY pair fell during the session on Tuesday, but remains in the consolidation area that we have been in for some time. That being the case, we feel that this market should continue to go higher,...
The USD/CAD pair initially fell on Tuesday, but shot higher as the Bank of Canada’s Poloz said that the interest-rate cuts weren’t necessarily out of the question. This of course got the weak hands out of the...
The GBP/USD pair fell during the bulk of the session on Tuesday, but found enough support at the 1.6550 level to turn things back around and form a hammer. This large hammer of course suggests that we...
The EUR/USD pair fell during the session on Tuesday, but found enough support at the 1.39 level soon 10 things back around and form a hammer. This hammer suggests to us that we are continuing to build...
The AUD/USD pair initially fell during the session on Tuesday, but as you can see found enough support to shoot straight up in the air. We haven’t necessarily completely broken out yet, but it is starting look...
