The AUD/USD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level. That level has been the top of the recent consolidation area, and as a result we feel...
USDCAD broke below 1.0860 support, indicating that the uptrend from 1.0619 (Jul 3 low) had completed at 1.0997 already. Further decline is still possible, and next target would be at 1.0750 area. Resistance is at 1.0900, only...
USDCHF broke below 0.9135 support, indicating that the uptrend from 0.8997 had completed at 0.9184 already. Deeper decline could be expected, and the target would be at 0.9080 area. However, as long as 0.9080 support holds, the...
USDJPY’s fall from 104.26 extended to as low as 103.69. Support is at 103.49, as long as this level holds, the fall could be treated as consolidation of the uptrend from 101.50, another rise to 105.00 area...
AUDUSD broke above 0.9343 resistance, indicating that the downtrend from 0.9504 (Jul 1 high) had completed at 0.9237 already. Further rise could be expected, and the target would be at 0.9450 area. Support is at 0.9300, only...
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the bounce from 1.6536 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance...
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 (Jul 1 high) is underway. Range trading between 1.3152 and 1.3300 is possible over the next several days. Key...
USDCAD seems to be exhausted from ts recent climb, as a reversal chart pattern can be seen on its 4-hour time frame. The pair is forming a double top after failing to break past the 1.1000 major...
The USD/JPY pair initially fell during the day on Tuesday, but found enough support to turn things back around and form a nice-looking hammer. This is the second hammer in a row on the daily chart, so...
The USD/CAD pair fell during the course of the day on Tuesday, testing the bottom of the hammer that had formed on Monday. That being the case though, we simply look as if we are going sideways...
