After touching the lower line of the price channel on daily chart, USDJPY rebounded from 115.56, indicating that the pair remains in uptrend from 101.06, and the fall from 121.84 could be treated as consolidation of the...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
GBPUSD moved sideways in a trading range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.7190, further decline to 1.5000...
EURUSD broke below 1.2247 previous low, indicating that the downtrend from 1.3993 has resumed. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, further decline could...
The USD/JPY pair as you can see rose slightly during the session after initially falling on Friday, binds going forward we feel that this market may struggle to get above the 120 level in the next couple...
The USD/CAD pair broke higher during the course of the day on Friday, but turned back around as we formed a shooting star. The shooting star of course signifies that the market could very well pullback and...
GBP/USD fell during the session on Friday, but still remains within the general consolidation area that we have been in for some time. With that, we feel that the market will continue to grind sideways and therefore...
The EUR/USD pair fell during the session on Friday as you can see, making a fresh new low. Because of that, we feel that the 1.22 level will be tested to the downside, and if we break...
The AUD/USD pair broke lower during the session on Friday, testing the lows yet again. With that, it appears that the market should continue to break down a little bit, heading towards the 0.80 level. Ultimately, the...
Here are the Top Forex Developments for the trading week between 12/15/14 and 12/19/14: Number One: UK CPI Consumer inflation in November slowed down further as evident in the CPI report. The CPI contracted 0.3% in November...
