The EUR/USD pair tried to rally during the session on Thursday, finding the area above the 1.36 level to be resistive enough to turn things back around and form a shooting star. The shooting star suggests that...
The AUD/USD pair rose during the session on Thursday, breaking well above the 0.9250 handle and busting through a relatively significant amount of resistance. Now that we have this impulsive candle, we finally have the signal that...
USDCAD’s downward movement from 1.0941 extended to as low as 1.0825. Further decline is still possible, and next target would be at 1.0700 area. Resistance is now at 1.0885, only break above this level could trigger another...
USDCHF remains in uptrend from 0.8702, the fall from 0.8989 could be treated as consolidation of the uptrend. Support is at 0.8937, as long as this level holds, the uptrend could be expected to resume, and next...
USDJPY remains in uptrend from 100.83, the fall from 102.13 is likely consolidation of the uptrend. Range trading between 101.25 and 102.13 would likely be seen over the next several days, and another rise to 103.00 area...
AUDUSD broke above 0.9277 resistance, indicating that the downward movement from 0.9408 had completed at 0.9208 already. Further rise could be expected, and next target would be at 0.9360 area. Support is at 0.9245, only break below...
GBPUSD remains in downtrend from 1.6920. Further decline could be expected after a minor consolidation, and next target would be at 1.6600 area. Near term resistance is at 1.6675, as long as this level holds, the downtrend...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3586. Further decline is still possible, and next target would be at 1.3500 area. Resistance is at 1.3668, only break above this level could signal completion of...
The Euro has corrected sharply over the past two trading weeks. Prior to the press conference held by European Central Bank President Mario Draghi two Thursday’s ago the EURUSD was trading a few pips away from the...
GBP/USD has been finding support around the 1.6750 minor psychological level, which coincides with a longer-term rising trend line, for quite some time now. However, the pair just made a strong downside break, indicating that a deeper...
