USDCAD remains in uptrend from 1.0619, the fall from 1.1385 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the...
USDCHF failed to break below the support of the upward price channel on daily chart, indicating that the pair remains in uptrend from 0.8703, and the fall from 0.9687 could be treated as consolidation of the uptrend....
USDJPY remains in uptrend from 101.06, the fall from 110.08 could be treated as consolidation of the uptrend. Resistance is at 110.08, a break of this level will indicate that the uptrend has resumed, then next target...
AUDUSD remains in downtrend from 0.9504, the sideways movement in a range between 0.8642 and 0.8898 is likely consolidation of the downtrend. Near term resistance is at 0.8898, as long as this level holds, the downtrend could...
GBPUSD remains in downtrend from 1.7190, the price action from 1.6051 is likely consolidation of the downtrend. Resistance levels are at 1.6230 and 1.6524, as long as these levels hold, the downtrend could be expected to resume,...
EURUSD failed to break above the resistance of the downward price channel on daily chart, indicating that the pair remains in downtrend from 1.3993, and the rise from 1.2500 could be treated as consolidation of the downtrend....
The USD/JPY pair went back and forth during the course of the day on Friday, essentially settling nothing. However, we have broken out above the 107.50 level, and as a result we believe that the market does...
The USD/CAD pair initially fell during the session on Friday but found the 1.12 level to be supportive enough to form a hammer. The hammer of course suggests that the market is going to bounce from here,...
The GBP/USD pair initially fell during the course of the day on Friday, but found support yet again at the 1.60 level and bounced enough to break the top of the hammer from the Thursday session. This...
The EUR/USD pair tried to rally during the day on Friday, but as you can see pullback significantly in order to form a very neutral candle. This market continues to meander sideways and essentially as an offering...
