The EUR/USD pair fell during the bulk of the session on Wednesday, with that, we feel that the market forming the hammer at this point suggests that the 1.37 level will certainly continue to offer support, and...
The AUD/USD pair fell during most of the session on Wednesday, but found enough support closer to the 0.92 handle to turn things back around and form a hammer. This hammer is sitting just that the bottom...
USDCAD broke above 1.0926 resistance, indicating that the uptrend from 1.0813 has resumed. Further rise could be expected, and the target would be at the upper line of the price channel on 4-hour chart. Support is at...
USDCHF broke above 0.8959 resistance, indicating that the uptrend from 0.8702 has resumed. Further rise could be expected, and the target would be at 0.9000 area. Support is at 0.8882, only break below this level could signal...
Being contained by 100.75 (Feb 4 low) support, USDJPY rebounded from 100.83. Resistance is now at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the rise from 100.83...
Being contained by 0.9202 support, AUDUSD rebounded from 0.9208. However, the rise would possibly be consolidation of the downtrend from 0.9408, as long as 0.9300 resistance holds, another fall to re-test 0.9202 support is possible, a breakdown...
GBPUSD remains in uptrend from 1.6731, further rise could be expected after a minor consolidation, and next target would be at 1.6970 area. Support is now at 1.6830, only break below this level could trigger another fall...
EURUSD broke below 1.3648 support, indicating that the downtrend from 1.3993 has resumed. Further decline would likely be seen, and next target would be at 1.3600 area. Resistance is at 1.3734, only break above this level could...
Retail sales out of the UK were reported today. The British Pound rallied after the release of this report which pointed towards a much stronger UK consumer. Retail sales rose by 1.8% in April on a monthly...
GBP/AUD’s downtrend might soon reverse, as the pair has formed a double bottom pattern on its 4-hour time frame. The pair has bounced off the 1.7850 minor psychological level a couple of times then found resistance at...
