After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.3588. Resistance is now at 1.3668, as long as this level holds, the downtrend could be expected to continue, and...
NZD/USD might be due for a bounce this week, as the US gears up to release a downward revision in its Q1 GDP reading. The figure was initially reported at 0.1% but analysts predict that the second...
The USD/JPY pair fell during a large portion of the session on Tuesday, but eventually found enough support to form a relatively positive looking hammer. Because of this, we feel that a break of the top of...
The USD/CAD pair went back and forth during the session on Tuesday, as we continue to hug the 1.0850 region. This area has been somewhat magnetic for price, and it appears that we are starting to see...
The GBP/USD pair went back and forth during the session on Tuesday, forming a negative candle in the end. That being the case, it appears that we are continuing to test the 1.68 level for support, an...
The EUR/USD pair fell during most of the session on Tuesday, but found the 1.36 level supportive yet again. Because of this, it appears that the market is ready to grind sideways, as this area although supportive,...
The AUD/USD pair went back and forth during the session on Tuesday, bouncing off of the 0.9250 level yet again. This is an area that has been extraordinarily supportive, and as a result it doesn’t surprise us...
USDCAD is now in downtrend from 1.0941. Further decline could be expected over the next several days, and next target would be at 1.0700 area. Resistance is at 1.0941, only break above this level could trigger another...
USDCHF remains in uptrend from 0.8702 and the rise extended to as high as 0.8981. Near term support is now at 0.8935, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY’s upward movement from 100.83 extended to as high as 102.13. Support is now at 101.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at 102.80 area....
