GBPUSD broke above the downward trend line on 4-hour chart, indicating that lengthier consolidation of the downtrend from 1.6182 (Oct 28 high) is underway. Range trading between 1.5541 and 1.5825 could be seen over the next several...
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.2599, and the rise from 1.2247 could be treated as consolidation of the downtrend. As long as...
The US dollar continues to strengthen overall on the longer-term charts, but the USD/JPY pair ended up pulling back during the length of the day, and headed down to the 120 level. The 120 level offered enough...
The USD/CAD pair fell initially during the course of the session on Monday, but turned back around to show strength. We tested the 1.15 handle, but did not break above it quite yet. We feel that sooner...
The GBP/USD pair broke higher during the course of the session on Monday, but is right in the middle of the previous consolidation area so we feel it’s only a matter time before the resistance comes into...
The EUR/USD pair initially fell during the session on Monday, but as you can see found support below the 1.23 level enough to turn things back around and form a hammer. That being the case, we feel...
The AUD/USD pair bounced during the session on Monday, but quite frankly we feel that any bounce at this point in time is just simply going to be an invitation to start selling again. The market should...
USDJPY is making another test of the rising trend line support visible on its 1-hour forex time frame. The pair has just traded around the 122.00 levels and pulled back to the 120.50 area, which is around...
USDCAD’s upward movement from 1.1191 extended to as high as 1.1493. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.1600 area. Key support is...
USDCHF stays above the rising trend line on 4-hour chart, and remains in uptrend from 0.9531. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
