AUDUSD broke below 0.8032 support, indicating that the downtrend from 0.8910 (Oct 29, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.7800 area. Resistance levels are at 0.8140 and 0.8294,...
GBPUSD broke below 1.5034 support, and the downward movement from 1.5785 extended to as low as 1.4971. Further decline could be expected, and next target would be at 1.4700 area. Key resistance is at 1.5268, only break...
EURUSD broke below 1.1459 previous low support, and continued its downward movement from 1.2569, and the fall extended to as low as 1.1316. Further decline could be expected, and next target would be at 1.1000 area. Near...
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The USD/JPY pair went back and forth during the course of the day on Wednesday, ultimately forming a hammer. We ended up closing with that hammer and it suggests that we may head back towards the 120...
The USD/CAD pair broke higher during the course of the session on Wednesday, as the Bank of Canada cut interest rates by 0.25%, to make them now at the 0.75% level. With that being the case, the...
The GBP/USD pair initially fell during the course of the day on Wednesday, but as you can see found support below to turn things back around and form a hammer. The hammer of course is a very...
The EUR/USD pair broke higher during the course of the session on Wednesday, but found enough resistance above to turn things back around and form a shooting star. That shooting star of course is a negative sign...
The AUD/USD pair fell hard during the session on Wednesday, testing the bottom of the consolidation region yet again. Because of this, it appears of the market is ready to continue going back and forth, and as...
AUDUSD has been moving sideways on its short-term time frames, as price found support around the .8100 major psychological mark and resistance at the .8250 minor psychological level. The pair is currently testing support for now and...
