USDJPY’s downward movement from 120.82 extended to as low as 117.74. Further decline could be expected, and next target would be at 116.50 area. Resistance is located at the top of the price channel on 4-hour chart,...
AUDUSD is in consolidation of the downtrend from 0.8910 (Oct 29, 2014 high). Range trading between 0.8032 and 0.8300 would likely be seen in a couple of days. As long as 0.8300 resistance holds, the downtrend could...
GBPUSD is facing the resistance of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend from 1.5785 could be expected to continue, and next target would be at 1.4900 area. Key...
EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.2569 is needed, range trading between 1.1754 and 1.1975 could be seen in a couple of...
Here are the Top Forex Developments for the trading week between 01/05/15 and 01/09/15: Number One: US NFP The US economy added more jobs in December than expected as the NFP report showed the addition of 252,000...
GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level. Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that...
USDCAD’s upward movement from 1.1560 extended to as high as 1.1889. Further rise could be expected, and next target would be at 1.2000 area. Support is at 1.1731, only break below this level will indicate that the...
USDCHF remains in uptrend from 0.9553, the fall from 1.0216 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds,...
USDJPY is facing 118.05 support, a breakdown below this level will signal resumption of the downtrend from 120.82, then next target would be at 116.50 area. Resistance is located at the top of the price channel on...
AUDUSD broke above 0.8214 resistance, indicating that consolidation of the downtrend from 0.8910 (Oct 29, 2014 high) is underway. Further rally is still possible, and the target would be at 0.8300 area. However, as long as 0.8300...
