EURUSD moved sideways in a trading range between 1.2247 and 1.2599. The price action in the range could be treated as consolidation of the downtrend from 1.2867 (Oct 15 high), as long as 1.2599 resistance holds, the...
The GBP/USD pair pulled back during the session on Wednesday, but then went much higher and hit the 1.57 level. We believe that there is a significant amount resistance in this general vicinity though, and as a...
The EUR/USD pair initially fell during the session on Wednesday, but turned back around to form a relatively positive session. With that, we feel that this market should ultimately find resistance at the 1.25 level, which has...
USDCAD remains in uptrend from 1.1191. Further rise would likely be seen, and next target would be at 1.1600 area. Support is at 1.1365, only break below this level will signal completion of the uptrend, then deeper...
AUDUSD is moving up to test the channel resistance on its 4-hour time frame, as the top of the falling range lines up with the 200 simple moving average. This has acted as a dynamic inflection point...
USDCHF broke below 0.9646 support, indicating that the uptrend from 0.9531 had completed at 0.9817 already. Deeper decline would likely be seen, and the target would be at 0.9550 area. Resistance levels are at 0.9725 and 0.9817,...
USDJPY is facing 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), range trading between 117.23 and 121.84 would likely...
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Only...
GBPUSD’s rise from 1.5541 extended to as high as 1.5756. Range trading between 1.5541 and 1.5825 could be seen over the next several days. As long as 1.5825 resistance holds, the price action in the range could...
EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.2599 had completed at 1.2247 already. Range trading between 1.2247 and 1.2599 would likely be seen over the next several days.
