EURGBP has been falling for the past few months but a reversal pattern has just formed on its daily chart. This indicates that an uptrend may start as soon as price breaks past the .8000-.8050 resistance levels....
USDCAD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1466. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9739, the rise from 0.9552 would possibly be consolidation of the downtrend. As long as the trend line resistance holds, the downtrend...
USDJPY remains in uptrend from 105.32, the fall from 117.05 is likely consolidation o f the uptrend. Support is located at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...
AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8540, the fall from 0.8795 is likely consolidation of the uptrend. As long as the trend line support holds, the uptrend could...
GBPUSD remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend. Key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the...
EURUSD’s upward movement extended to as high as 1.2577. Further rise is still possible, and next target would be at 1.2600 – 1.2650 area. Support is located at the upward trend line on 4-hour chart, only a...
GBPUSD looks prime for a pullback as price found support around the 1.5600 major psychological level. The pair appears to be retreating to the descending trend line visible on its 4-hour forex chart. Stochastic has already...
USDCAD’s downward movement from 1.1466 extended to as low as 1.1264. Further decline is still possible, and next target would be at 1.1200 area. Resistance is located at the downward trend line on 4-hour chart, only a...
USDCHF broke below 0.9580 support, indicating that the uptrend from 0.9370 had completed at 0.9739 already. Deeper decline would likely be seen, and next target would be at 0.9500 area. Resistance levels are at 0.9690 and 0.9739,...
