The GBP/USD pair went back and forth during the course of the day on Thursday, testing the 1.57 level. The market showed a neutral candle, so quite frankly it’s almost impossible to imagine place a trade at...
The EUR/USD pair went back and forth during the course of the session on Thursday, testing the 1.25 level for support. It did in fact find it, but at the end of the day we continue to...
The AUD/USD pair initially fell during the course of the day on Thursday, testing the 0.86 handle. Because of that, we do forming a little bit of a hammer like candle and it suggests to us that...
USDJPY has been on a steady climb but it appears to be retreating from its latest rally. Price peaked close to the 119.00 handle then showed signs of retracement to the 116.50-117.00 levels. The Fibonacci tool...
After touching the downward trend line on 4-hour chart, USDCAD pulled back from 1.1369, indicating that the pair remains in downtrend from 1.1466. Further decline would likely be seen, and next target would be at 1.1200 area....
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9739, the rise from 0.9531 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 105.32, the fall from 118.97 is likely conolidation of the uptrend. Support is at the bottom of the channel, as long as...
AUDUSD is facing 0.8540 support, a breakdown below this level will indicate that the downtrend from 0.8910 has resumed, then next target would be at 0.8400 area. Resistance is at 0.8670, as long as this level holds,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, and the rise from 1.5590 could be treated as consolidation of the downtrend. Resistance is at the downward trend line on...
EURUSD remains in uptrend from 1.2358, the fall from 1.2599 could be treated as consolidation of the downtrend. Support is located at the rising trend line on 4-hour chart. As long as the trend line support holds,...
