AUDUSD remains in downtrend from 0.9470, the price action in the range between 0.9275 and 0.9342 is likely consolidation of the downtrend. Resistance at 0.9342, as long as this level holds, the downtrend could be expected to...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6700 area. On...
EURUSD’s downward movement from 1.3700 extended to as low as 1.3358. Further decline would likely be seen, and next target would be at 1.3200 area. Resistance is at 1.3444, only break above this level could signal completion...
The USD/JPY pair had a very volatile session on Tuesday, but ultimately showed the 103 level to be resistive. Because of this, we ended up forming a shooting star, which of course is a relatively negative sign....
The USD/CAD pair rose during the day on Tuesday, but still remains below the 1.10 handle, meaning that we believe there is a significant amount of resistance just above. With that, we need to see a daily...
The GBP/USD pair initially tried to fall during the session on Tuesday, but as you can see found enough support to turn things back around and form a hammer. This hammer of course is very positive, and...
The EUR/USD pair fell during the session on Tuesday, testing the lows again and even managed to break them at one point during the day. This market looks a very broken at this point, and we see...
The AUD/USD pair initially tried to rally during the day on Tuesday, but failed and turned back around and form a slightly negative candle. However, we are sitting on top of the 0.93 handle, and as a...
The USD/JPY pair initially fell during the course of the day on Monday, but as you can see about enough support of the 102.50 level to turn things background and form a hammer. Because of this, we...
The USD/CAD pair initially tried to rally during the day on Monday, but as you can see we drifted a little bit lower by the end of the day. However, this simply looks like an area where...
