EURUSD is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend line resistance will indicate that the downtrend from 1.2569 had completed at 1.1097 already, then further rally to...
EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart. Price is currently testing the neckline around the 1.5400 major psychological resistance and may make an upside...
The USD/JPY pair initially broke down during the course of the day on Wednesday, but we remain within the consolidation area that we have been stuck in for a couple of weeks now. Ultimately, the market should...
The USD/CAD pair went back and forth during the course of the session on Wednesday, as the market continues to try to come up with enough momentum to break above the 1.25 handle. With that, we are...
The GBP/USD pair initially broke higher during the course of the session on Wednesday, but struggled a just below the 1.52 level. That area of course has offered resistance recently, so we can break the bottom of...
The EUR/USD pair went back and forth during the course of the day on Wednesday, essentially doing nothing. With that being the case, we believe that the 1.15 level above is massively resistive, and we are looking...
The AUD/USD pair continues to hang about the 0.80 handle, as the market suggests that the Australian dollar will more than likely continue to soften. With that, we feel that the market can be sold on resistive...
USDCAD’s upward movement from 1.1560 extended to as high as 1.2536. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...
USDJPY continued its sideways movement in a narrow range between 117.17 and 118.86. Near term support is at 117.17, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from...
AUDUSD is facing 0.7857 support, a breakdown below this level will indicate that the downtrend from 0.8294 has resumed, then next target would be at 0.7700 area. On the other side, as long as 0.7857 support holds,...
