USDJPY is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 110.08 had completed at 105.32 already, then the following upward...
AUDUSD moved sideways in the trading range between 0.8642 and 0.8898 for several days. As long as 0.8898 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9401, another...
GBPUSD’s bounce from 1.5874 extended to as high as 1.6109. Further rise is still possible, and next target would be at the upper line of the price channel on 4-hour chart. However, as long as the channel...
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500, the fall from 1.2867 is likely consolidation of the uptrend. As long as the trend line support holds, the uptrend could...
The USD/JPY pair fell significantly during the course of the session on Wednesday, but found the 105 level to be as supportive as we had anticipated. Because of this, the market bounced roughly 100 pips, and we...
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, touching the 1.14 region but finding enough resistance to turn things back around and head towards the 1.1250 level. The market should...
The GBP/USD pair broke higher on Wednesday, as the US dollar sold off against most currencies. However, the British pound did run into a bit of trouble at the 1.60 level, as we are closing just and...
The EUR/USD pair broke higher during the course of the day on Wednesday, breaking above the 1.28 level. However, we are starting to see a bit of resistance just above it, so we are simply waiting for...
The AUD/USD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above. Because of this, we are still suspicious of the Australian dollar, and although we...
USDCAD has recently broken past the 1.1200 major psychological resistance and zoomed close to the 1.1400 handle in the past weeks, before showing signs of a retracement. Price is now retreating back to the 1.1200 area, which...
