The EUR/USD pair initially fell during the course of the day on Monday, but as you can see bounced enough to break back above the 1.24 handle. However, this is a market that is most certainly in...
The AUD/USD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time. We tested the 0.86 level, which is just above the support so on that we are looking...
USDCHF has been moving sideways recently, creating a range between support at the .9575 area and resistance at .9725. The simple moving averages are criss-crossing, confirming the range-bound market behavior. Price just came off a test of...
Here are the Top 5 Forex Developments for the trading week between 11/17/14 and 11/21/14: Number One: Japanese GDP The Japanese economy tanked into a recession in the third-quarter as Abe’s Abenomics once again after his sales...
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame. Price is still a few pips away from the neckline around the .8800 major psychological level...
USDCAD’s downward movement from 1.1466 extended to as low as 1.1191. Further decline to test 1.1121 support could be expected. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend...
USDCHF is facing 0.9739 resistance, a break of this level will signal resumption of the uptrend from 0.9370, then the following upward movement could bring price to 1.0000 area. Support is at 0.9660, only break below this...
USDJPY remains in uptrend from 105.32, the fall from 118.97 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the...
AUDUSD failed to break below 0.8540 support, and stayed in the trading range between 0.8540 and 0.8795. Further rise to test 0.8795 resistance would likely be seen, a break of this level will signal resumption of the...
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend. Resistance is located at the falling trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...
