USDCAD’s upward movement from 1.1560 extended to as high as 1.2494. Further rise could be expected after a minor consolidation, and next target would be at 1.2700 area. Support is at 1.2250, only break below this level...
USDJPY is facing 118.86 resistance, a break of this level will signal resumption of the uptrend from 115.85, then further rise to test 120.82 resistance could be seen. Support is at 116.90, only break below this level...
AUDUSD remains in downtrend from 0.8294, the rise from 0.7857 is likely consolidation of the downtrend. Resistance is at 0.8000, as long as this level holds, the downtrend could be expected to continue, and next target would...
GBPUSD remains in downtrend from 1.5785, the price action from 1.5034 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance...
EURUSD remains in downtrend from 1.2569, the rise from 1.1097 is likely consolidation of the downtrend. Near term resistance is at 1.1350, as long as this level holds, the downtrend could be expected to continue, and next...
Here are the Top Forex Developments for the trading week between 01/19/15 and 01/23/15: Number One: European Central Bank Interest Rate Announcement & Economic Stimulus As widely expected the ECB left interest rate on hold at 0.05%....
USDJPY’s short-term climb might soon be reversed, as price formed a double top pattern on its 1-hour time frame. The pair made a couple of failed attempts to break past the 118.75 area and found support at...
USDCAD remains in uptrend from 1.1560. Near term support is at 1.2250, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2700 area. Key support is located...
USDJPY remains in short term uptrend from 115.85, the fall from 118.86 is likely consolidation of the uptrend. Further rise to test 120.82 resistance could be expected after consolidation, a break of this level will signal resumption...
AUDUSD remains in downtrend from 0.8294, and the fall extended to as low as 0.7857. Further decline could be expected after a minor consolidation, and next target would be at 0.7600 area. Resistance is at 0.8000, as...
