The GBP/USD pair tried to break higher during the course of the session on Wednesday, but struggled to continue to go higher. However, there is a significant amount of resistance below in this particular pair. With that,...
The EUR/USD pair did very little during the session on Wednesday, testing the 1.13 level yet again. This is the bottom of the market recently, and as a result if we break higher we believe that we...
AUDJPY broke below its ascending triangle support on the 1-hour time frame, indicating that further losses are possible for the pair. Price could fall by as much as 200 pips, which is roughly the same height as...
The AUD/USD pair fell during the course of the session on Wednesday, as the market continues to show weakness overall. The Australian dollar is one of the weakest currencies that we are trading right now, and as...
USDCAD continued its sideways movement in a 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...
USDJPY is facing 120.82 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 125.00 area. Support is at 118.20, only break...
AUDUSD is facing 0.7625 support, a breakdown below this level will signal resumption of the downtrend from 0.8294, then next target would be at 0.7500 area. Resistance is at 0.7875, only break above this level could signal...
GBPUSD remains in uptrend from 1.4950, the fall from 1.5351 could be treated as consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds,...
EURUSD is in short term downtrend from 1.1534. Deeper decline to test 1.1097 support would likely be seen, a breakdown below this level will signal resumption of the longer term downtrend from 1.2569 (Dec 16, 2014 high),...
GBPJPY looks ready to resume its longer-term selloff, as price is completing its retracement on its 4-hour forex chart. The pair has recently bounced off support around the 176.00 levels and pulled up to the 50% Fibonacci...
