The USD/JPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer. Nonetheless, we have...
The USD/CAD pair fell hard during the course of the day on Monday, testing the 1.13 level. This is an area that had been resistive previously, so we feel it is likely we will see some type...
The GBP/USD pair shot much higher during the course of the day on Monday, testing the 1.57 region. It is a fairly strong candle, but at the end of the day we should find some type of...
The EUR/USD pair went back and forth during the session on Monday, essentially testing the 1.25 level but going nowhere. We think that this market will continue to go lower given enough time, and as a result...
The AUD/USD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap. The 0.85 level looks like it’s still continuing to cause bearish pressure, so...
USDJPY has been on a strong climb in the past month, with the pair currently testing the rising trend line on the 1-hour forex time frame. A bounce off this support zone could lead to a rally...
USDCAD failed to break above 1.1466 resistance, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline would likely be seen, and the target would be at 1.1200 area.
USDCHF continued its sideways movement in a range between 0.9531 and 0.9739. As long as 0.9531 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9370, another rise to...
USDJPY remains in uptrend from 105.32, the price action from 118.97 is likely consolidation of the uptrend. Support is now at 117.23, as long as this level holds, the uptrend could be expected to continue, and next...
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795, the rise from 0.8416 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
