The USD/CAD pair fell hard during the session on Tuesday, testing the support level below that is the absolute bottom of the consolidation area. While we anticipate that there should be buyers in this region, the fact...
The EUR/USD pair rose during the session on Tuesday, after the Germans printed better than anticipated numbers with the Services PMI announcement. With this, we slammed into the 1.3950 area, but could not break above there. However,...
The AUD/USD pair took off to the upside during the session on Tuesday, breaking the top of the hammers and more importantly, breaking above the sideways grind that we have been stuck in for 2 weeks. With...
USDCAD is facing 1.0857 support, a breakdown below this level will signal resumption of the downtrend from 1.1278 (Mar 20 high), then next target would be at 1.0700 area. Resistance is at 1.0950, only break above this...
USDCHF broke below 0.8743 support, indicating that the downtrend from 0.8952 has resumed. Further decline would likely be seen, and next target would be at 0.8600 area. Resistance is at 0.8780, only break above this level could...
USDJPY is facing 101.32 support, a breakdown below this level will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. Resistance is at 102.00, only break above...
AUDUSD broke above 0.9316 key resistance, indicating that the downtrend from 0.9461 had completed at 0.9202 already. The pair is now in uptrend, further rise could be expected, and next target would be at 0.9500 area. Support...
GBPUSD’s upward movement from 1.6465 (Mar 24 low) extended to as high as 1.6996. Key support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend...
EURUSD broke above 1.3905 resistance, indicating that the uptrend from 1.3672 has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support is at 1.3870, only break below this level could signal...
USD/CHF has been moving inside a falling trend channel for the past week, as dollar demand has remained weak while Swiss economic data have shown improvements. The pair just came off a test of the channel resistance...
