The GBP/USD pair initially went higher during the course of the day on Tuesday, only to find the 1.66 level a bit too resistive to continue the move higher. With that, we have formed to shooting stars...
The EUR/USD pair tried to rally initially during the day on Tuesday, but as you can see the 1.32 area has offered resistance again. With that being the case, the market seems like it’s ready to continue...
The AUD/USD pair tried to go higher during the course of the day on Tuesday, and did gain a bit. However, you can see that we continue to hang about the 0.93 level, as the consolidation area...
USDCAD broke below 1.0925 support, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline to 1.0880 area is possible. Key support is at 1.0860, only break below this level could...
USDCHF’s upward movement from 0.8997 extended to as high as 0.9184. Further rise could be expected, and next target would be at 0.9400 area. Support is now at 0.9135, only break below this level could signal completion...
No changed in our view, USDJPY remains in uptrend from 101.50, the fall from 104.26 is likely consolidation of the uptrend. Support is at 103.50, as long as this level holds, the uptrend could be expected to...
AUDUSD moved sideways in a trading range between 0.9237 and 0.9343. As long as 0.9343 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1 high), another...
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Near term resistance is located at the downward trend...
The USD/JPY pair fell during the course of the day after initially gapping higher on Monday. With that being the case, the market seems like it’s trying to find support somewhere near the 104 level, which should...
