Yesterday the European Central Bank behind President Mario Draghi has failed to accomplish what many have hoped for; a lower Euro. After his press conference during May’s ECB meeting where the central bank did not act Draghi...
USD/JPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame. Stochastic bounced from the oversold...
USDCAD remains in uptrend from 1.0822, the fall from 1.0960 could be treated as consolidation of the uptrend. Support is at 1.0900, as long as this level holds, the uptrend could be expected to continue, and next...
USDCHF broke below 0.8932 support, indicating that the uptrend from 0.8702 had completed at 0.9036 already. The pair is now in downtrend, further decline could be expected, and next target would be at 0.8800 area. Resistance levels...
USDJPY remains in uptrend from 100.83, the fall from 102.79 could be treated as consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds,...
The USD/JPY pair initially rose during the session on Thursday, but turned back around and fell to form a shooting star. With the nonfarm payroll number coming out today, that is not a surprise as this market...
The USD/CAD pair fell during the course of the session on Thursday, testing the 1.09 handle for support. We did in fact find it there, so it’s very likely this market will find buyers just below. However,...
AUDUSD broke above 0.9329 resistance, indicating that the pair is now in uptrend from 0.9208. Further rise could be expected, and next target would be at 0.9420 area. Support is at 0.9265, as long as this level...
GBPUSD broke above 1.6782 resistance, indicating that the downtrend from 1.6920 had completed at 1.6692 already. Further rise could be expected over the next several days, and next target would be at 1.6900 – 1.6950 area. Support...
EURUSD broke above 1.3668 resistance, indicating that the downtrend from 1.3993 had completed at 1.3502 already. The pair is is now in uptrend, further rise could be expected and next target would be at 1.3750 area. Support...
