USDJPY’s upward movement from 100.83 extended to as high as 102.74. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...
The USD/CAD pair went back and forth during the session on Tuesday, printing a slightly positive candle, but more importantly showing that the 1.09 region continues to be a bit of resistance. The market as at the...
AUDUSD stays in a trading range between 0.9208 and 0.9329. Another fall to test 0.9202 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then...
GBPUSD remains in downtrend from 1.6920, the rise from 1.6692 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.6600 area. Resistance is now at...
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668. The price action in the range is likely consolidation of the downtrend from 1.3993. As long as 1.3668 resistance holds, the downtrend could be expected to...
The GBP/USD pair tried to rally during the session on Tuesday, but it’s managed to find enough resistance at the 1.68 handle to turn things back around and form a shooting star. The shooting star signifies that...
The EUR/USD pair rose during the course of the day on Tuesday, continuing to consolidate in the general vicinity of the 1.36 handle as we have for several sessions. That being the case, it appears that the...
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9250 level. However, we gave back some of the gains late in the day, and as a result the market seems a little bit tepid...
The USD/JPY pair broke out to the upside during the session on Monday, essentially cracking the top of a couple of hammers from last week. We are testing the 102.50 level at the moment, and thereby we...
The USD/CAD pair shot straight up during the session on Monday, piercing the 1.09 level. With that, we feel that the market is testing the highs of the most recent consolidation area, thereby suggesting that perhaps we...
