USDCAD remains in downtrend from 1.1053, the price action in the trading range between 1.0935 and 1.1004 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0850...
USDCHF is facing 0.8743 support, a breakdown below this level will signal resumption of the downtrend from 0.8952, then the following downward movement could bring price to 0.8300 area. However, as long as 0.8743 support holds, the...
USDJPY is now in downtrend from 103.02. Further decline would likely be seen after a minor consolidation, and next target would be at 101.45 area. Resistance is at 102.45, only break above this level could trigger another...
AUDUSD broke above the upper line of the price channel on 4-hour chart. Further rise to test 0.9316 key resistance is possible, a break above this level will signal completion of the downtrend from 0.9461, then the...
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), and the fall from 1.6918 is likely consolidation of the uptrend. As long as the channel support holds,...
EURUSD is facing 1.3905 resistance, a break above this level will indicate that the uptrend from 1.3672 has resumed, then next target would be at 1.4000 area. Support levels are at 1.3810 and 1.3775, only break below...
The USD/JPY pair fell initially during the session on Monday, but like most of the stock indices around the world, we found buyers towards the end of the day. The resulting candle is a hammer and it...
The USD/CAD pair fell during the session on Monday after initially trying to go higher, but at the end of the day we are still within a relatively tight consolidation range between 1.09 and 1.10 as we...
The GBP/USD pair fell slightly during the session on Monday, but found enough support at the 1.6850 level that the British pound essentially was unchanged by the time the session ended. There is a significant area of...
The EUR/USD pair did very little during the session on Monday as the markets were content to sit just below the 1.39 level. It is at that area of that we start to see significant resistance, so...
