GBPUSD failed to break below 1.5541 support, and stayed in the trading range between 1.5541 and 1.5825. Sideways movement in the range could be expected to continue in a couple of days. Key resistance is at 1.5825,...
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area. Near term resistance is at 1.2375, only break...
The USD/JPY pair broke a little bit higher during the session on Wednesday, but as you can see is struggling just above the 117.50 level. With that being the case, we are buyers of this pair on...
The USD CAD pair fell rather significantly during the session on Wednesday, but as you can see turned back around and formed a massive hammer. The hammer of course suggests that the market is going to go...
The GBP/USD pair fell during the session on Wednesday, but for the third day in a row found support below. We ended up bouncing and forming a nice-looking hammer, and that of course suggests that the buyers...
The EUR/USD pair fell during the session on Wednesday, as the 1.25 level has offered resistance yet again. The fall was rather significant, so we feel that we were probably heading back to the bottom of the...
The AUD/USD pair rose during the course of the day on Wednesday, bouncing slightly and breaking above the 0.82 level at one point. However, we think that any rally at this point in time should be a...
EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs. This suggests indecision between buyers and sellers, with a potential breakout in either direction looming. Price has...
Today, there is no shortage of opinions about oil. So why should you bother reading this one? Because 99% of oil forecasts out there are based on so-called fundamentals. The same “fundamentals” that back in June, when...
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191, the fall from 1.1673 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
