The AUD/USD pair tried to rally a bit during the session on Wednesday, but as you can see only bounce slightly. Quite frankly, this is a market that looks very be down, and we think that rallies...
USDCAD is moving inside a rising channel on its 1-hour time frame, indicating that the uptrend is getting stronger. However, price has just encountered resistance at the top of the channel and may be due south. ...
USDCAD broke above 1.098 resistance, indicating that the uptrend from 1.0810 has resumed. Further rise could be expected over the next several days, and next target would be at 1.1200 area. Support is at 1.0985, as long...
USDCHF continued its upward movement from 0.8997, and the rise extended to as high as 0.9462. Further rise could be expected, and next target would be at 0.9600 area. Support is located at the upward trend line...
USDJPY moved sideways in a narrow range between 108.24 and 109.45, as long as 108.24 key support holds, the price action in the range could be treated as consolidation of the uptrend from 101.50, one more rise...
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.6051 had completed at 1.6524 already. Deeper decline to test 1.6283 support could be seen, a breakdown below this level will target...
EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734. Further decline could be expected and next target would be at 1.2600 area. Near term resistance is at the downward trend...
The USD/JPY pair initially fell during the course of the day on Tuesday, but found enough support below the 109 level to turn things back around and form a hammer. Every time this market drops, people step...
The USD/CAD pair initially fell during the course of the day on Tuesday, but found the 1.10 reason to be supportive again. With that, it appears that the market turned back around and form a hammer suggests...
