GBPUSD broke above the downward trend line on daily chart, indicating that the downtrend from 1.7190 (Jul 15, 2014 high) had completed at 1.4950 already. Further rally would likely be seen over the next several weeks, and...
EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.1097 is likely consolidation of the downtrend. Range trading between 1.1097 and 1.1600 would likely be seen in a couple of weeks. As long...
The USD/JPY pair tried to rally on Friday, but struggled as you can see. The market ended up forming a shooting star, which is of course bearish. However, the market is still bullish as far as its...
The USD/CAD pair tried to rally at first during the session on Friday, but failed and formed a negative candle in the end. The market is well-supported just below, and as a result we are buyers on...
The GBP/USD pair fell slightly on Friday, keeping a fairly bullish tone overall. The pair should continue to go higher though, as the 1.55 level should be targeted in general. The market will more than likely find...
The EUR/USD pair fell slightly during the session on Friday, as the market continues to grind away below the 1.15 handle. We look at this is the massive resistance that the market is trying to find its...
The AUD/USD pair fell on Friday, as we continue to consolidate overall. The market looks as if it is still going to be soft in general, and with this we are looking to sell sooner or later....
AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart. As you can see, price bounced a couple of times off the .7700 major...
The USD/JPY pair broke down during the course of the session on Thursday, falling all the way down to the 118.50 region. However, we found a little bit of support in this area as one would expect,...
The USD/CAD pair fell during the course of the session on Thursday, but found enough support near the 1.24 level to turn things back around at the end of the day. We believe the market still continues...
