USDCAD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1466, the rise from 1.1191 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
USDCHF failed to break above 0.9739 resistance, and stayed in the trading range between 0.9531 and 0.9739. Another rise to test 0.9739 resistance would likely be seen, a break of this level will signal resumption of the...
USDJPY is facing the support of the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 105.32 could be expected to continue and next target would be at...
AUDUSD broke below 0.8540 support, indicating that the downtrend from 0.8910 has resumed. Further decline could be expected over the next several days, and next target would be at 0.8300 area. Resistance is at 0.8600, only break...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 1.5590 could be treated as consolidation of the downtrend from 1.6182, another fall...
EURUSD failed to break below 1.3258 support and stayed in the trading range between 1.2358 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
GBPJPY formed a double top pattern on its 1-hour forex chart, hinting that a potential sellof is in the cards. The pair is still a hundred pips away from testing the neckline support at the 184.00 levels....
The USD/JPY pair initially went higher during the course of the session on Monday, and as you can see there really wasn’t much in the way of a range to trade. The market is simply sitting just...
The USD/CAD pair had a strong will higher during the course of the day on Monday, testing the 1.13 handle. That area of course has been supportive in the past so it’s not a big surprise that...
The GBP/USD pair fell during the initial part of the session on Monday, and then bounced to form a hammer. We are just below the 1.57 level, so it appears that the market is going to run...
