EUR/AUD has been in a strong downtrend, with the falling trend line connecting the highs of the price on the 4-hour time frame still intact. Stochastic is in the overbought zone, indicating that bulls are already exhausted....
Inflation cooled down in the UK last month which took forex traders by surprise. The British Pound halted its advance and all eyes are on today’s release of minutes by the Bank of England. Expectations for an...
The USD/JPY pair rose during the course of the session on Tuesday, breaking the top of the hammer that had formed on Monday. Because of this, the market does look like it’s going to continue going higher,...
The USD/CAD pair rose during the course of the session on Tuesday, but found enough in the way of resistance above to pull back down and form a shooting star. The shooting star signifies that the market...
The GBP/USD pair fell during most of the session on Tuesday, but bounced near the 1.6950 level in order to turn around and form a hammer. This hammer suggests that the market is building pressure to breakout...
The EUR/USD pair fell during the course of the session on Tuesday, continuing the sideways consolidation area that we have been in for several days. The 1.35 level continues to be very supportive, so that being the...
The AUD/USD pair fell hard during the session on Tuesday, as the dovish comments out of the Reserve Bank of Australia moved the markets. With that being the case, a break down can continue going all the...
USDCAD remains in downtrend 1.0960, the rise from 1.0836 could be treated as consolidation of the downtrend. Another fall to test 1.0813 support could be expected, a breakdown below this level will indicate that the longer term...
USDCHF continued its sideways movement in a range between 0.8959 and 0.9012. Support is at 0.8959, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...
USDJPY’s upward movement from 101.60 extended to as high as 102.23. Further rise is still possible, and next target would be at 102.60 area. Support is at 101.60, only break below this level could trigger another fall...
