EURUSD remains in downtrend from 1.3993, the rise from 1.2357 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart. As long as the channel resistance holds, the...
The USD/JPY pair initially broke higher during the course of the session on Friday, but found enough resistance above to turn things back around and form a shooting star. The shooting star of course signifies that we...
The USD/CAD pair fell during the course of the session on Friday, testing the 1.13 handle. This area is significant support, and we believe that it extends all the way down to the 1.12 handle as well....
The GBP/USD pair fell during the course of the session on Friday, but bounced enough to form a nice-looking hammer. This of course suggests that we could get a little bit of a bounce but we would...
The EUR/USD pair initially fell during the course of the session on Friday, but then bounced above the 1.25 level by the time we close. This of course is a very positive looking candle, and as a...
The AUD/USD pair initially fell during the course of the day on Friday, but then broke higher in order to test the 0.88 region. This is an area where we anticipate to see a lot of resistance,...
Here are the Top 5 Forex Developments for the trading week between 11/10/14 and 11/14/14: Number One: Eurozone GDP Everyone expected bleak figures out of the Eurozone and dark clouds hovered over today’s GDP report for the...
EURUSD has been moving inside a symmetrical triangle pattern since the start of the month, creating higher lows and lower highs. The pair just came off a test of triangle resistance and may be due south, possibly...
USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.1466 had completed at 1.1281 already. Further rise to test 1.1466 resistance could be seen, a break above this level will signal...
USDCHF moved sideways in a range between 0.9580 and 0.9739. As long as 0.9580 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.9370, further rise to 0.9900 area is still possible...
