GBPUSD broke below the lower line of the price channel on daily chart, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already. Further decline could be expected, and next target would...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3366. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3550, only break above this level...
The USD/JPY pair had a very violent session on Friday, as nonfarm payroll numbers came out. This is typically a very rough day for this pair, and the fact that we feel like this tells us that...
As the nonfarm payroll came out slightly lower than anticipated, the USD/CAD pair went back and forth, essentially settling nothing at the end of the day although it should be mentioned that the candle was in fact...
The GBP/USD pair fell during the course of the day on Thursday, slamming into the 1.68 region. This area does start to see a bit of support though, so really this point time we are waiting to...
The EUR/USD pair went higher during the course of the day on Friday, as the nonfarm payroll numbers missed just slightly. That being the case, the fact that we had to hammers previously suggests that the market...
The AUD/USD pair went back and forth during the day on Friday, essentially hugging the 0.93 handle. That being the case, the market looks as if it is finding support in this area, but ultimately will break...
USD/JPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could...
The USD/JPY pair went back and forth during the course of the day on Thursday, ultimately printing a very neutral candle. This neutral candle sits just below the 103 level, and as a result we think that...
The USD/CAD pair went back and forth on Thursday, but as you can see really didn’t settle for much. With that being the case, it appears that the market could pullback from here, as the move has...
