The USD/JPY pair fell during the session on Thursday, testing the 101.50 level. Looking at this market, you can see that the support level has been rather stiff below. So it makes sense that we could see...
The USD/CAD pair rose during the session on Thursday, bouncing off of the 1.0850 level. This area of course is trying to offer some type of support for a market that has broken down significantly. A break...
The GBP/USD pair fell during the bulk of the session on Thursday, but bounced enough to form a little bit of a hammer. This area looks as if it is attracting more buyers, and that we will...
The EUR/USD pair rose during the session on Thursday, breaking to the 1.39 handle. The market has been relatively parabolic though, so there is the possibility that we will pullback in the near future. However, that pullback...
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USDCAD remains in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...
USDCHF remains in downtrend from 0.8952, and the fall extended to as low as 0.8751. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Resistance is now at 0.8805,...
USDJPY’s downward movement from 104.12 extended to as low as 101.32. Further decline would likely be seen, and next target would be at 100.50 area. Resistance is at 102.15, only break above this level could signal completion...
Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 0.9461, suggesting that consolidation of the uptrend from 0.8924 is underway. Deeper decline would likely be seen, and the target...
GBPUSD remains in uptrend from 1.6465, the fall from 1.6820 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.7000 area. Support is located at the lower...
