USDCHF broke above 0.9680 resistance, indicating that the downward movement from 0.9817 had completed at 0.9553 already. Further rise to test 0.9817 resistance would likely be seen, a break of this level will signal resumption of the...
USDJPY’s downward movement from 121.84 had completed at 115.56 already. Further rise to test 121.84 resistance would likely be seen, a break of this level will signal resumption of the uptrend from 105.32 (Oct 15 low), then...
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8106. Further decline could be expected, and next target would be at 0.8000 area. Near term resistance is at the falling trend line on 4-hour chart, only...
GBPUSD is facing 1.5541 support, a breakdown below this level will indicate that the downtrend from 1.6182 (Oct 28 high) has resumed, then further decline to 1.5000 area could be seen. Resistance is at 1.5650, only break...
EURUSD failed to break above 1.2599 resistance, and stays in the trading range between 1.2247 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
The USD/JPY pair fell hard during the course of the session on Tuesday, but found enough support just above the 115 level to form a little bit of a hammer. That being the case, we feel that...
The USD/CAD pair went back and forth during the course of the session on Tuesday, but as you can see just looks like it’s settling down in this general vicinity. Even if we do fall from here,...
The GBP/USD pair as you can see initially fell during the session on Tuesday, and then broke much higher. However, the 1.58 level continues to offer resistance and therefore we are not ready to start buying yet....
EUR/USD pair broke higher during the course of the session on Tuesday, but ran into quite a bit of resistance just above the 1.25 handle. That being the case, we ended up forming a massive shooting star,...
The AUD/USD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level. Ultimately, we ended up forming a...
