GBPUSD remains in downtrend from 1.7190, the rise from 1.6756 could be treated as consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...
EURUSD failed to break below 1.3333 support and stayed in the trading range between 1.3333 and 1.3444. The price action in the range is likely consolidation of the downtrend from 1.3700. As long as 1.3444 resistance holds,...
The USD/JPY pair initially fell during the course of the day on Monday, but found enough support at the 102 handle to turn things back around and form a nice-looking hammer. This hammer of course suggests that...
The USD/CAD pair fell during the course of the day on Monday, showing significant resistance at the 1.10 level. However, we are most certainly in an uptrend at the moment, and as a result we believe that...
The GBP/USD pair rose slightly during the session on Monday, but found the 1.68 level resistive. This was an area of support previously, so the fact that we did not break above there is in fact interesting....
The EUR/USD pair fell during the course of the day on Monday, continuing to show a bit of a downtrend, and consolidating in this general vicinity. We believe that the 1.33 level is the significant support that...
The AUD/USD pair fell during the course of the day on Monday, but not significantly so. It appears that the market is essentially comfortable in this general vicinity, at the 0.9250 region. We believe that the market...
USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would...
After touching 0.9040 support, USDCHF rebounded from 0.9032, indicating that the fall 0.9114 is consolidation of the uptrend 0.8855. Another rise could be expected after consolidation, and next target would be at 0.9200 area. Support is now...
USDJPY’s bounce from 101.50 extended to as high as 102.35, as long as 102.45 resistance holds, the bounce would possibly be correction of the downtrend from 103.08, one more fall to test 100.75 support is still possible....
