The US Federal Reserved wound down its economic stimulus packaged known as quantitative easing or QE3 for short. The ‘3’ stands for the third installment of such a measure which resulted in the Federal Reserve printing money...
The EUR/USD pair fell hard during the session on Thursday, but turned back around and bounced hard enough to form a beautiful looking hammer. The hammer is fixated on the 1.26 level, and that being the case...
The AUD/USD pair bounced during the course of the day on Thursday, but still remains trapped in the basic consolidation that we have seen for some time now. The 0.88 level continues to be a bit of...
GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more. Price bounced off the 1.5950 minor psychological support level and may be headed for...
USDCAD remains in downtrend from 1.1385, the rise from 1.1121 would possibly be consolidation of the downtrend. Further decline is possible, and next target would be at 1.1090 area. Resistance is at 1.1265, only break above this...
USDCHF’s upward movement from 0.9370 extended to as high as 0.9610. Further rise to test 0.9687 resistance could be expected. Support levels are at 0.9515, and 0.9440, only break below these levels could trigger another fall to...
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 105.32. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 109.70...
AUDUSD moved sideways in a trading range between 0.8642 and 0.8910. The sideways movement could be treated as consolidation of the downtrend from 0.9401, as long as 0.8910 resistance holds, another fall to 08400 area is still...
GBPUSD moved sideways in a trading range between 1.5874 and 1.6226. As long as 1.6226 resistance hold, the sideways movement could be treated as consolidation of the downtrend from 1.6524, another fall to 1.5600 area could be...
EURUSD’s downward movement from 1.2867 extended to as low as 1.2547. Further decline to test 1.2500 support could be expected, a breakdown below this level will signal resumption of the downtrend from 1.3700 (Jul 1 high), then...
