AUDUSD’s downward movement from 0.9470 extended to as low as 0.9242. Further decline could be expected, and next target would be at 0.9100 area. Resistance is now located at the downward trend line on 4-hour chart, only...
GBPUSD failed to break above the trend line resistance and continued its downward movement from 1.7190, and the fall extended to as low as 1.6801. Further decline could be expected and next target would be at 1.6700...
EURUSD stays in a trading range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, further decline to 1.3200 area...
The USD/JPY pair fell during the course of the day on Wednesday, but as you can see bounced back above the 102 level. Because of this, we feel that the market still has plenty of support below,...
The USD/CAD pair fell during the session after initially trying to break above the 1.10 level on Wednesday. It’s not a huge surprise though, as it is a large number. Also, this area has been resistive in...
The GBP/USD pair fell initially during the session on Wednesday, but as you can see found support at the 1.68 handle yet again. Because of this, we ended up forming a hammer, and that of course is...
The EUR/USD pair fell during the bulk of the session on Tuesday, but found enough support just above the 1.3325 level in order to bounce and form a nice-looking hammer. It appears that this market is starting...
The AUD/USD pair rose during the course of the day on Wednesday, breaking above the 0.9350 handle. This is where we expect to see a bit of resistance though, as it was a previous consolidation area, and...
USDCAD’s upward movement from 1.0619 extended to as high as 1.0985. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1050 area. On...
USDCHF remains in uptrend from 0.8855, the price action in the range between 0.9040 and 0.9114 is likely consolidation of the uptrend. Support is at 0.9040, as long as this level holds, further rise could be expected,...
