The USD/CAD pair broke above the 1.15 level finally during the session on Thursday, as the market appears ready to continue of the next leg higher. At this point in time, we believe that the market is...
The GBP/USD pair initially fell during the course of the session on Thursday, but found enough support below to turn things back around and form a little bit of a hammer. The hammer sits just below the...
The EUR/USD pair initially tried to rally to the 1.25 handle, but as you can see Thursday was far too resistive and negative to hang onto the gains. Because of this, we ended up crashing towards the...
The AUD/USD pair fell during the course of the day on Thursday, testing the lows yet again at the 0.82 handle. We believe that a move below that area should send this market looking for the 0.80...
USDJPY may be due for a downtrend as the pair recently broke below the rising trend line on the 1-hour time frame and SMAs are crossing down. Price pulled up from the 118.00 support zone to the...
USDCAD’s upward movement from 1.1191 extended to as high as 1.1549. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...
USDCHF remains in downtrend from 0.9817. Further decline is possible, and next target would be at 0.9550 area. Resistance levels are at 0.9725 and 0.9817, only break above these levels could trigger another rise towards 1.0000.
USDJPY failed to break below 117.23, indicating that the pair remains in uptrend from 105.32 (Oct 15 low), and the fall from 121.84 could be treated as consolidation of the uptrend. Sideways movement in a range between...
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8214. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, further decline could be expected, and...
GBPUSD is forming a sideways consolidation in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the downtrend from 1.6182 (Oct 28 high) could be expected to resume, and next target would be at...
