USD/CHF has recently broken below a support zone visible on the 1-hour time frame, indicating that further losses might be in the cards. After dipping to a low of .8720, the pair has shown signs of retracing,...
Being contained by 1.0857 support, USDCAD rebounded from 1.0874. However, the rise is likely consolidation of the downtrend from 1.1053, further decline could be expected after consolidation, and next target would be at 1.0700 area. Resistance is...
USDCHF remains in downtrend from 0.8861, the rise from 0.8720 is likely consolidation of the downtrend. Resistance is at 0.8780, as long as this level holds, the downtrend could be expected to resume, and next target would...
Being contained by 101.32 support, USDJPY rebounded from 101.43. However, another fall to re-test 101.32 support is still possible, a breakdown below this level will signal resumption of the downtrend from 104.12, then the following downward movement...
AUDUSD is now in uptrend from 0.9202, and the rise extended to as high as 0.9374. Further rise could be expected, and next target would be at 0.9500 area. Support levels are at 0.9315 and 0.9250, only...
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), the fall from 1.6996 could be treated as consolidation of the uptrend. As long as the trend line...
EURUSD remains in uptrend from 1.3775, the fall from 1.3951 is likely consolidation of the uptrend. Support is now located at the upward trend line on 4-hour chart. As long as the trend line support holds, the...
Tomorrow forex traders will get two important central bank decisions; one from the Bank of England which is likely to have an impact on the British Pound and one from the European Central Bank which should move...
NZD/USD made a strong upside break from the top of its range, which is around the .8700 major psychological resistance. This level could act as support moving forward, as it is close to the 38.2% Fibonacci retracement...
The USD/JPY pair fell rather hard during the session on Tuesday, slamming into an uptrend line that has been in effect for several months now. On top of that, the 101.50 level is massive support as well....
