EURUSD’s downward movement from 1.3993 extended to as low as 1.3745. Resistance is at 1.3795, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3650 area. On...
USDCAD broke below 1.0857 support and reached as low as 1.0813. However, lengthier consolidation of the downtrend from 1.1278 is possible next week, and one more rise to the top of the price channel on daily chart...
USDCHF failed to break below 0.8699 support and stays in a trading range between 0.8699 and 0.8952, indicating that lengthier consolidation of the downtrend from 0.9751 (Jul 9, 2013 high) is underway. Resistance is located at the...
USDJPY is facing 100.75 support again, a breakdown below this level will indicate that the uptrend from 93.79 (Jun 13, 2013 low) had completed at 105.44 already, then the following downward movement could bring price to 96.00...
AUDUSD remains in uptrend from 0.8660, the fall from 0.9461 is likely consolidation of the uptrend. One more rise to 0.9550 – 0.9600 area to complete the upward movement is still possible. Support is now at 0.9202,...
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.6996 could be treated as consolidation of the uptrend. Near term support is located...
After touching 1.3966 resistance, EURUSD pulled back from 1.3993, indicating that lengthier consolidation of the uptrend from 1.2747 (Apr 4, 2013 low) is underway. Deeper decline would likely be seen over the next several weeks, and the...
The USD/JPY pair rose during the session on Friday, as the 101.50 level offered support yet again. On top of that, the uptrend line offered support also. That being the case, the market looks as if it’s...
The USD/CAD pair rose during the session on Friday, breaking back above the 1.09 handle, which was a major support level. Because of this, the weekly candle is actually a hammer, so a break above the highs...
The GBP/USD pair fell hard during the session on Friday, testing the 1.6850 level. This area offered a little bit of support, but we feel that the real support as down at the 1.68 handle. Because of...
