USDJPY remains in uptrend from 101.20, the fall from 103.76 could be treated as consolidation of the uptrend. Range trading between 102.60 and 103.76 would likely be seen in a couple of days. Support is at 102.60,...
AUDUSD’s fall from 0.9133 extended to as low as 0.8946. Deeper decline would likely be seen, and the target would be at the lower line of the price channel on 4-hour chart. Key support is at 0.8890,...
GBPUSD’s downward movement from 1.6785 extended to as low as 1.6596. Deeper decline would likely be seen in a couple of days, and the target would be at 1.6500 area. Resistance is at 1.6710, only break above...
EURUSD remains in uptrend from 1.3477, the fall from 1.3914 could be treated as consolidation of the uptrend. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support...
NZD/USD is in a strong uptrend on its short-term time frame, boosted by rate hike expectations in this week’s RBNZ interest rate decision. Earlier today, New Zealand Prime Minister John Key remarked that rates need to return...
The USD/JPY pair initially fell during the first part of the Monday session, but as you can see spent the rest of the day bouncing in order to form a hammer. This hammer is situated at the...
The USD/CAD pair rose during the session on Monday, but found enough resistance to turn back around and form a shooting star. While this is technically a bearish sign, we believe that it is simply a hens...
The GBP/USD pair fell during the session on Friday, but found enough support near the 1.6650 handle to bounce slightly at the end of the day. With that, we feel that this market continues to grind sideways,...
The EUR/USD pair went back and forth during the session on Monday, as we continue to struggle with the downtrend line that forms the channel going lower from the start of the financial crisis. I have stated...
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle. We do see a significant amount of support all the way down to the 0.9 handle, so any type of supportive candle...
