USDJPY remains in uptrend from 117.23, the fall from 121.84 is likely consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that lengthier consolidation for the downtrend from 1.6182 (Oct 28 high) is needed, then...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2599. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
GBPUSD made a downside break from the symmetrical triangle chart pattern on its 1-hour time frame, indicating that further losses are in the cards for the pair. The chart formation is roughly 250 pips in height so...
Here are the Top 5 Forex Developments for the trading week between 12/01/14 and 12/05/14: Number One: Non-farm Payrolls US non-farm payrolls rose by 321,000 in November and the unemployment rate showed no change at 5.8%. Expectations...
USDCAD broke above 1.1466 resistance. Further rise could be expected, and next target would be at 1.1600 area. Near term support is at the rising trend line on 4-hour chart, and the key support is at 1.1313,...
USDCHF’s upward movement from 0.9531 extended to as high as 09799. Further rise could be expected, and next target would be at 1.0000 area. Support is now located at the upward trend line on 4-hour chart, as...
USDJPY’s upward movement from 117.23 extended to as high as 121.84. Support is located at the rising trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8293. Resistance is located at the trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and...
