USDCHF’s upward movement from 0.8699 extended to as high as 0.9153. Further rise could be expected over the next several weeks, and next target would be at 0.9500 area. Support is at 0.9020, only break below this...
USDJPY broke above 104.12 resistance. Further rise to test 105.44 resistance would likely be seen, a break of this level will signal resumption of the long term uptrend from 75.57 (Oct 31, 2011 low), then next target...
AUDUSD stays in the trading range between 0.9202 and 0.9504. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, another rise to 1.0000 area...
GBPUSD is now in downtrend from 1.7190, and the fall extended to as low as 1.6560. Further decline could be expected over the next several weeks, and next target would be at 1.6000 area. Resistance is at...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3220. Further decline is still possible over the next several weeks, and next target would be at 1.3000 area. Resistance is located at the downward trend line...
The USD/JPY pair went back and forth during the course of the day on Friday, essentially showing that it is a very confused market. We don’t really believe that wholeheartedly, but would rather anticipate that we are...
The USD/CAD pair went back and forth on Friday, initially trying to break out but finding the 1.10 level too resistive yet again and formed a shooting star. The shooting star courses negative, but we do not...
The GBP/USD pair went back and forth during the day on Friday, essentially settling nothing. With that, we feel that the market is probably going to continue to be very flat, as we think the 1.65 level...
The EUR/USD pair broke down during the course of the day on Friday, did bounce a little bit just above the 1.32 level. We believe that this market continues to sell off, but you should use short-term...
The AUD/USD pair broke higher during the session on Friday, but as you can see ran into enough resistance to turn things back around and form a shooting star. The shooting star of course is a negative...
