The USD/JPY pair fell during the bulk of the session on Wednesday, but found enough support below the 102.50 level to push the market higher, and form a hammer. This hammer of course is very supportive looking,...
The USD/CAD pair tried to rally during the session on Wednesday, but as you can see fell a little bit flat. We are in a consolidation area, so it doesn’t surprise us that the market struggles a...
The GBP/USD pair fell during the session on Wednesday, breaking down below the 1.68 level during the day. However, the market still has plenty of support below, and as a result we feel that buying the British...
The EUR/USD pair tried to rally during the session on Wednesday, but failed to hang onto most of the gains. Because of this, we formed a massive shooting star, which suggests that we are going to fall...
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.9250 level. That area is significant enough for us to start buying on a supportive candle, and as a result we...
AUD/USD has sold off because of the weak Australian CPI reading but this might merely spark a large correction for the pair’s ongoing uptrend. On the 4-hour time frame, a rising trend line can be drawn to...
USDCAD remains in uptrend from 1.0857 and the rise extended to as high as 1.1053. Support is now at 1.1000, as long as this level holds, the uptrend could be expected to continue, and next target would...
After touching the upward trend line on 4-hour chart, USDCHF rebounded from 0.8807, indicating that the pair remains in uptrend from 0.8743. Further rise would likely be seen, and the target would be at 0.8900 area. Key...
USDJPY broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 101.32 had completed at 102.72 already. Deeper decline would likely be seen, and next target would be at 101.50 area....
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. Resistance is located at the upper line of the channel, as long as the channel resistance holds, the downtrend could be...
