USDJPY moved sideways in a narrow range between 117.17 and 118.86. The price action in the range is likely consolidation of the short term uptrend from 115.85, another rise to test 120.82 resistance could be expected after...
AUDUSD broke above 0.8000 resistance, indicating that lengthier consolidation of the downtrend from 0.8294 is underway. Range trading between 0.7857 and 0.8100 would likely be seen over the next several days.
GBPUSD is facing the resistance of the top of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785,...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2569. As long as the trend line resistance holds, the rise from 1.1097 could be treated as consolidation of the downtrend, and...
USDJPY didn’t complete its recent double top pattern and instead bounced off support around the 117.25 level. Price is now on its way to test the top of the range around the 118.25 mark and may be...
The USD/JPY pair broke higher during the course of the day, but still remains within the consolidation area of that we have been in for some time. With that, we believe that the market still continues look...
The USD/CAD pair initially fell during the course of the session on Monday, but as you can see bounced enough to form a hammer. That hammer of course suggests that the market is ready to go higher,...
The GBP/USD pair broke higher during the course of the session on Monday, as the 1.50 level looks a bit like a springboard. The spring board should send this market looking for the 1.53 handle, as it...
The EUR/USD pair broke higher during the course of the day on Monday after initially gapping lower. This shows that the market is ignoring the Greek elections for the time being, and that we more than likely...
The AUD/USD pair broke higher during the course of the session on Monday after initially gapping lower, but still has to deal with the 0.80 level above, which was once massively supportive. With that being the case,...
