USDCAD continued its upward movement from 1.1560, and the rise extended to as high as 1.2393. Further rise could be expected after a minor consolidation, and next target would be at 1.2600 area. Support is at 1.2100,...
USDJPY remains in short term uptrend from 115.85. Further rise to test 120.82 would likely be seen, a break of this level will signal resumption of the longer term uptrend from 101.06 (Jul 10, 2014 low), then...
AUDUSD broke below the support of the upward trend line on 4-hour chart. Further decline to test 0.8032 support could be seen, a breakdown below this level will confirm that the downtrend from 0.8910 (Oct 29, 2014...
GBPUSD moved sideways in a range between 1.5034 and 1.5268. The price action in the range is likely consolidation of the downtrend from 1.5785. As long as 1.5268 resistance holds, the downtrend could be expected to resume,...
EURUSD remains in downtrend from 1.2569, the rise from 1.1459 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.1300 area. Resistance levels are at...
The USD/JPY pair broke higher during the course of the session on Tuesday, as we head towards the 119 level. We believe that the market will ultimately go to the 120 level, and perhaps even higher than...
The USD/CAD pair broke higher during the course of the session on Tuesday, clearing the top of the shooting star from last week as well. We are now broken out above the 1.20 handle, which of course...
The GBP/USD pair broke higher during the course of the session on Tuesday as we continue to consolidate. With that being the case, we continue to see this market bounced around and also recognize that the 1.50...
The EUR/USD pair tried to break higher during the course of the session on Tuesday, but fell again and ended up forming a shooting star for the second day in a row. Because of this, it appears...
The AUD/USD pair tried to rally during the course of the session on Tuesday, but fell back down as we approached the 0.82 level. That being the case, the market ended up turning back around and forming...
