EURUSD remains in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend. Another fall to test 1.2500 is still possible after consolidation, a breakdown below this level will signal resumption of the longer...
CADJPY has been forming an ascending trend channel on its 1-hour forex chart, as it made higher highs and higher lows. A bullish divergence can be seen, with stochastic making lower lows. MACD is also reflecting a...
The USD/JPY pair fell during the course of the day on Monday, but found enough support at the 107.50 level to turn things back around and form a nice-looking hammer. This was an area that we had...
The USD/CAD pair rose during the course of the day on Monday, using the 1.12 level for support yet again. We remain bullish of this market, but realize that we will probably just go sideways overall between...
The GBP/USD pair initially rallied during the session on Monday, but as you can see pullback to form a shooting star. Because of this, the market could very well drop from here but we recognize that the...
The EUR/USD pair went back and forth during the course of the day on Monday, essentially going nowhere. We continue to struggle at the 1.27 level, and as a result it’s very likely that the sellers are...
The AUD/USD pair did very little during the course of the day on Monday, as we continue to meander around the 0.88 level. This area is essentially the “Ground Zero” of the consolidation area that we have...
USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 is likely consolidation of the uptrend. Deeper decline is still possible, and the target would be at 1.1150 area. Resistance is at 1.1300, a...
USDCHF remains in uptrend from 0.9370, as long as 0.9440 support holds, the fall from 0.9557 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at...
USDJPY stays in the rising price channel on 4-hour chart, and remains in uptrend from 105.32, the fall from 108.34 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...
