The EUR/USD pair went back and forth during the course of the session on Monday, but ended up forming a relatively benign and neutral candle. Because of this, it feels as if the market should continue to...
The AUD/USD pair went back and forth during the course of the session on Monday, and as a result it looks as if it is ready to simply go sideways. Ultimately though, if we can close below...
EURUSD is consolidating inside a symmetrical triangle pattern ahead of the top-tier events from both the euro zone and the US this week. For today, German and French manufacturing and services PMIs are lined up and these...
USDCAD’s upward movement from 1.1191 extended to as high as 1.1673. Further rise is still possible after a minor consolidation, and next target would be at 1.1800 area. Key support is located at the upward trend line...
USDCHF remains in downtrend from 0.9817. Deeper decline would likely be seen in a couple of days, and the target would be at 09550 area. Resistance is at 0.9722, only break above this level could trigger another...
USDJPY is testing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation of the uptrend from 105.32 (Oct 15 low). Sideways movement in a range between 117.23 and 121.84...
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8200. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to...
GBPUSD stays in the trading range between 1.5541 and 1.5825. The price action in the range is likely consolidation of the downtrend from 1.6182 (Oct 28 high), as long as 1.5825 resistance holds, the downtrend could be...
EURUSD remains in short term uptrend from 1.2247. Further rise to test 1.2599 resistance would likely be seen. Support is at 1.2361, only break below this level will indicate that the uptrend is complete, then the following...
Here are the Top 5 Forex Developments for the trading week between 12/08/14 and 12/12/14: Number One: Chinese Consumer Price Index/Producer Price Index The Chinese economy experienced more problems in November as evident by the consumer price...
