USDCAD’s upward movement from 1.0619 (Jul 3, 2014 low) extended to as high as 1.2797. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Near term support is at...
USDJPY moved sideways in a trading range between 115.56 and 121.84. As long as 115.56 support holds, the sideways movement could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014 low), another rise towards...
AUDUSD’s downward movement from 0.9504 (Jul 1, 2014 high) extended to as low as 0.7719. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the...
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4950 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line...
EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.1097 is likely consolidation of the downtrend. Range trading between 1.1097 and 1.1600 would likely be seen in a couple of weeks. Near term...
The USD/JPY pair broke down during the session on Friday but remains within the consolidation of area that we have been in for some time now. Because of this, we have no interest in trading this pair,...
The USD/CAD pair broke higher during the course of the session on Friday, but turned back around and give up about half of the gains. Ultimately, the market ended up forming a shooting star, which of course...
The GBP/USD pair fell during the beginning of the session on Friday, bouncing off of the 1.50 level. That being the case, we bounced enough to form a hammer, and it now looks as if we are...
The EUR/USD pair did very little during the session on Friday, as we continued to grind sideways as we have seen over the last several sessions. That being the case, it looks like the market is ready...
The AUD/USD pair initially fell during the day on Friday, but found a bit of support to turn things back around and form a hammer. This hammer is not reason to start buying now, but rather suggests...
