USD/JPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair. However, the bleak US GDP release has resulted in a sharp downside...
The USD/JPY pair fell during the bulk of the session on Wednesday, showing the 101.50 level to be supportive. That being the case, it feels as if the market is trying to get some type of traction...
The EUR/USD pair broke higher during the session on Wednesday, but could not break out to the upside. With that being the case, we feel that the market is probably going to attempt to go higher, but...
The USD/CAD pair fell during the session on Wednesday, staying within the consolidation area that we have seen over the last several sessions. That being the case, the 1.07 level looks to be supportive, and a break...
The GBP/USD pair went back and forth during the session on Wednesday, essentially settling on a fairly unchanged candle. We tried to break above the 1.70 level, but failed. On the other hand, we found plenty of...
The AUD/USD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle. If we...
USDCAD is in consolidation of the downtrend from 1.0960, range trading between 1.0715 and 1.0780 would likely be seen in a couple of days. Resistance is at 1.0780, as long as this level holds, the downtrend could...
USDCHF is testing 0.8907 support, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then next target would be at 0.8800 area. Near tern resistance is...
USDJPY is facing 101.60 support, a breakdown below this level will signal resumption of the downtrend from 102.79, then next target would be at 101.00 area. On the upside, as long as 101.60 support holds, the sideways...
AUDUSD stays in a trading range between 0.9321 and 0.9444. As long as 0.9321 support holds, the price action in the range could be treated as consolidation of the uptrend, another rise to test 0.9461 (Apr 10...
