USDCAD moved sideways in a trading range between 1.2352 and 1.2797. As long as 1.2352 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1191 (Nov 21, 2014 low), another rise towards...
USDJPY is now in downtrend from 120.47. Deeper decline would likely be seen, and the target would be at 116.50 area. Resistance is at 120.47, only break above this level will indicate that the long term uptrend...
AUDUSD moved sideways in a trading range between 0.7625 and 0.7875. Near term resistance is at 0.7875, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend...
GBPUSD remains in uptrend from 1.4950, and the rise extended to as high as 1.5435. Further rise could be expected, and next target would be at 1.5500 area. Support is at 1.5195, only break below this level...
EURUSD is facing 1.1534 resistance, a break of this level will indicate that lengthier consolidation for the downtrend from 1.2569 (Dec 16, 2014 high) is needed, then further rise to 1.1650 – 1.1700 area could be seen....
USDCAD has formed lower highs and found support at the 1.2400 major psychological level, creating a descending triangle chart pattern on its 1-hour forex chart. For now, price is hovering around the formation’s bottom, while stochastic is...
Outlook 2015: New Perspectives on Euro, Gold & Crude Oil Experienced traders say that sometimes, just 2 or 3 good trades make their entire year. True: If you get in early and ride the trend for a...
USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 could be treated as consolidation of the uptrend. Range trading between 1.2250 and 1.2797 would likely be seen in a couple of weeks....
USDJPY moved sideways in the trading range between 115.56 and 121.84. The sideways movement could be expected to continue over the next several weeks. As long as 115.56 support holds, the sideways movement could be treated as...
No changed in our view, AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.7625 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend...
