USDJPY’s upward movement from 105.32 extended to as high as 108.35. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...
AUDUSD is forming a sideways movement in a range between 0.8642 and 0.8898. As long as 0.8898 resistance holds, the sideways move could be treated as consolidation of the downtrend from 0.9401, another fall to 0.8400 area...
GBPUSD moved sideways in a range between 1.5874 and 1.6226. As long as 1.6226 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6524, and another fall to 1.5600 area could be...
EURUSD’s downward movement from 1.2867 extended to as low as 1.2613. Further decline to test 1.2500 support could be expected, a breakdown below this level will indicate that the longer term downtrend from 1.3700 (Jul 1 high)...
The USD/JPY pair rose slightly during the course of the day on Wednesday, testing the 107.50 handle. Because of this, it appears that more bullish pressure is appearing in the marketplace, and that the buyers are more...
The GBP/USD pair fell during the session on Wednesday, but found the 1.60 level to be supportive as one would anticipate. Because of this, we are bit leery of getting involved as we are so close to...
The USD/CAD pair went back and forth during the session here on Wednesday, testing the 1.12 level for support. It did in fact find it, so therefore we feel that this market will more than likely go...
The EUR/USD pair broke lower during the course of the day on Wednesday, sending this market looking for the 1.2650 handle. It appears that we are ready to go lower, and at this point time we feel...
The AUD/USD pair tried to break out above the 0.88 level yet again, but on Wednesday found the sellers more than willing and up to the task of keeping the markets down. With that, it appears of...
NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break. Stochastic is indicating oversold conditions with a bullish divergence, suggesting...
