The USD/CAD pair rose drastically during the session on Friday, as the nonfarm payroll numbers came out stronger than anticipated. However, we are still well below the 1.12 level, the area that we need to see broken...
The GBP/USD pair rallied at first during the session on Friday, but as you can see turned back around to form a shooting star. Although this is a very bearish candle, we believe that this pair is...
The EUR/USD pair broke above a downtrend line during the session on Friday, but turn things back around and formed a shooting star. Because of this, we feel that the markets probably going to pull back to...
The AUD/USD pair initially rallied during the session on Friday, but turned back around to form a negative candle. This negative candle of course signifies of the market my pull back and that would of course makes...
The EUR/USD pair had a strong showing on Thursday, slicing through the 1.38 level, and slamming into what is considered to be the downtrend line from the monthly downtrend channel. Because of this, we believe that the...
The AUD/USD pair rose during the session on Thursday, smashing through the barriers of resistance that we have seen for some time now. Because of this, the outlook on this market has changed drastically, as a move...
USDCAD’s downward movement from 1.1192 extended to as low as 1.0955. Deeper decline is still possible, and next target would be at 1.0900 area. Key resistance is located at the downward trend line on 4-hour chart, only...
After touching the downward trend line on 4-hour chart, USDCHF pulled back to 0.8794. The fall from 0.8895 is likely resumption of the downtrend from 0.9081. Deeper decline could be expected, and next target would be at...
USDJPY broke above 102.82 resistance, suggesting that the uptrend from 100.75 has resumed. Further rise could be expected, and next target would be at 104.00 area. Support is at 102.20, as long as this level holds, the...
AUDUSD broke above 0.9080 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed. Further rise could be expected, and next target would be at 0.9200 area. Support is at 0.9030, as long as this...
