USDCHF is facing 0.9036 resistance, a break above this level will indicate that the downtrend from 0.9838 (May 22, 2013 high) had completed at 0.8699 already, then the following upward movement could bring price to 1.0500 area....
USDJPY is testing 100.75 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 105.44 already, then deeper decline to 97.00 area could be seen....
AUDUSD moved sideways in a trading range between 0.9202 and 0.9504. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, another rise to 1.0000...
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.7190 could be treated as consolidation of the uptrend. As long as the trend...
EURUSD is facing 1.3477 support again, a breakdown below this level will confirm that the long term uptrend from 1.2747 (Apr 4, 2013 low) had completed at 1.3993 already, then next target would be at 1.3000 area....
The USD/JPY pair rose a little bit during the course of the session on Friday, showing the 101 level as support is still. The candle itself isn’t that impressive, but the fact that we hold this area...
The USD/CAD pair fell during the session on Friday, but bounced slightly in order to take back some of the losses. The weekly candle is a shooting star though, and as a result we are not ready...
The GBP/USD pair went back and forth during the session on Friday, but bounced enough to form a hammer. This hammer suggests that the market is going to continue to find buyers every time we drop, and...
The EUR/USD pair initially fell during the course of the day on Friday, but as you can see found quite a bit of support at the 1.35 handle. This area has been supportive for some time now,...
The AUD/USD pair rallied during the session on Friday, but remains within the previous consolidation area so we aren’t necessarily interested in placing money into the market. If we can break above the 0.95 level, we feel...
