After trending lower towards the end of last year and the start of this year, CAD/JPY has formed a consolidation pattern and is indicating a possible reversal of the previous downtrend. A triple bottom can be seen...
USDCAD’s downwards movement from 1.1278 extended to as low as 1.0957. Deeper decline to test 1.0910 (Feb 19 low) support is possible. Key resistance is at 1.1077, only break above this level could indicate that the downtrend...
USDCHF’s upward movement from 0.8699 extended to as high as 0.8952. Further rise is still possible after a minor consolidation, and next target would be at 0.9000 area. Key support is located at the upward trend line...
USDJPY remains in uptrend from 101.20, the fall from 104.12 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart. As long as the channel support holds,...
AUDUSD broke above 0.9303 resistance, suggesting that the uptrend from 0.8924 has resumed. Further rise could be expected, and next target would be at 0.9400 area. Support is at 0.9205, only break below this level could signal...
GBPUSD’s fall from 1.6684 extended to as low as 1.6553. Deeper decline is still possible, and next target would be at 1.6510 area. However, the fall is likely correction of the uptrend from 1.6465, as long as...
EURUSD broke below 1.3705 support, and continued its downward movement from 1.3966, and the fall extended to as low as 1.3672. Resistance is now at the upper line of the price channel on 4-hour chart. As long...
The USD/JPY pair initially try to rally on Friday, but turn things back around and formed a very nasty looking bearish candle. That being said though, we believe that the longer-term Outlook of the pair is higher,...
The USD/CAD pair fell during the session on Friday, slicing through the 1.10 level. Even though that’s the big figure, we see support all the way down to the 1.09 handle, so quite frankly we are buyers...
The GBP/USD pair fell during the session on Friday, but found enough support below the 1.6550 level in order to turn things around and form a hammer. Because of this, we believe that this market could very...
