The GBP/USD pair initially tried to rally during the course of the session on Monday, but as you can see ended up forming a shooting star as we closed just below the 1.51 handle. The real support...
The EUR/USD pair broke higher during the course of the day on Monday, but did not break the top of the hammer from Friday. We are essentially trying to build up enough of a bullish move to...
The AUD/USD pair fell slightly during the session on Monday, but as you can see really didn’t go anywhere. It appears that the 0.82 level will continue to be resistance, but ultimately we feel that this market...
USDCAD remains in uptrend from 1.1560, the fall from 1.2046 could be treated as consolidation of the uptrend. Support levels are at 1.1880 and 1.1800, only break below these levels could bring price back to 1.1600 zone.
USDJPY broke above the top of the price channel on 4-hour chart, indicating that the downtrend from 120.82 is complete. Further rise could be expected, and next target would be at 120.50 area. Support is at 116.85,...
AUDUSD remains in short term uptrend from 0.8032, one more rise to 0.8350 area is still possible. However, the rise is likely consolidation of the downtrend from 0.8910 (Oct 29, 2014 high), another fall towards 0.7500 could...
GBPUSD is facing 1.5034 support, a breakdown below this level will indicate that the downtrend from 1.5785 has resumed, then next target would be at 1.4700 area. However, as long as 1.5034 support holds, sideways consolidation could...
EURUSD remains in downtrend from 1.2569, the rise from 1.1459 is likely consolidation of the downtrend. Near term resistance is at 1.1700, as long as this level holds, the downtrend could be expected to continue, and next...
AUDJPY has been trading in a downtrend, as a descending trend line can be drawn to connect the pair’s recent highs. Price is currently testing the falling resistance level around the 97.00 major psychological resistance for now...
USDCAD’s upward movement from 1.1560 extended to as high as 1.2046. Further rise could be expected, and next target would be at 1.2200 area. Support levels are at 1.1880 and 1.1800, only break below these levels could...
