The GBP/USD pair broke higher during the session on Wednesday, clearing the top of two hammers in a row. Because of this, it should be a decent buying opportunity. That being the case, the market should continue...
The EUR/USD pair went back and forth during the course of the session on Wednesday, showing a confused and stubborn market. Ultimately, we believe that this market will probably find some type of support in this area...
The AUD/USD pair rose during the course of the session on Wednesday, but gave back a little bit of the gains as you can see. The 0.80 level below is massively supportive though, so therefore we are...
NZDJPY recently broke below the bottom of the descending triangle pattern on its 4-hour time frame and is showing signs of a pullback. Price could retreat until the Fibonacci retracement levels which are close to the broken...
USDCAD continued its upward movement from 1.1560, and the rise extended to as high as 1.2017. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds,...
USDCHF’s upward movement from 0.9553 extended to as high as 1.0239. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0300 area. Key support is now...
USDJPY’s downward movement from 120.82 extended to as low as 116.07. Deeper decline to test 115.56 support is possible after a minor consolidation. Resistance is located at the downward trend line on 4-hour chart, only a clear...
AUDUSD remains in downtrend from 0.8910 (Oct 29, 2014 high), the rise from 0.8032 is likely consolidation of the downtrend. Sideways movement in a range between 0.8032 and 0.8300 would likely be seen in a couple of...
GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 is likely consolidation of the downtrend. Range trading between 1.5034 and 1.5300 could be seen in a couple of days. Resistance is at 1.5300, as long as...
EURUSD’s downward movement from 1.2569 extended to as low as 1.1744. Further decline could be expected, and next target would be at 1.1500 area. Resistance is now at 1.1870, only break above this level will indicate that...
