USDJPY stays in the downward price channel on 4-hour chart, and remains in downtrend from 120.82, another fall to test 115.56 support is still possible. Resistance is located at the top of the channel, only a clear...
AUDUSD’s bounce from 0.8032 extended to as high as 0.8294. Further rise could be expected, and the target would be at 0.8350 area. However, the rise is likely consolidation of the downtrend from 0.8910 (Oct 29, 2014...
GBPUSD is in consolidation of the downtrend from 1.5785. Another rise to 1.5300 area to complete the consolidation is possible. However, as long as 1.5300 resistance holds, the downtrend could be expected to resume, and further decline...
EURUSD’s downward movement from 1.2569 extended to as low as 1.1459. Near term resistance is at 1.1700, as long as this level holds, further decline could be expected after a minor consolidation, and next target would be...
Here are the Top Forex Developments for the trading week between 01/12/15 and 01/16/15: Number One: SNB Announcement The SNB surprised the markets on Thursday and unleashed a financial tsunami which caused some of the biggest forex...
USDCAD’s upward movement from 1.0619 (Jul 3, 2014 low) extended to as high as 1.2046. Near term support is at 1.1800, as long as this level holds, the uptrend could be expected to continue, and next target...
USDJPY stays in a trading range between 115.56 and 121.84. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014 low), one...
No changed in our view, AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.8032 is likely consolidation of the downtrend. Resistance is at the top of the price channel on daily chart,...
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.5034 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line...
EURUSD continued its downward movement from 1.3993 (May 8, 2014 high), and the fall extended to as low as 1.1459. Further decline could be expected after a minor consolidation, and next target would be at 1.1000 area....
