GBPUSD broke above 1.5268 resistance, indicating that the downtrend from 1.5785 (Dec 16, 2014 high) had completed at 1.4950 already. Further rise is still possible, and next target would be at 1.5500 area. Support levels are at...
EURUSD remains in downtrend from 1.2569 (Dec 16, 2014 high), the rise from 1.1097 would possibly be consolidation of the downtrend. Range trading between 1.1097 and 1.1650 would likely be seen over the next several days. Key...
The USD/JPY pair took off during the session on Friday as the nonfarm payroll number came out much better than anticipated. Because of this, it appears that the US economy continues to expand, and that of course...
The USD/CAD pair fell during the course of the session on Friday, but found enough support near the 1.2350 level to turn things back around and form a nice hammer. That hammer suggests that the buyers are...
The GBP/USD pair fell during the course of the day on Friday, testing the 1.52 handle. That was a place we broke out of on Thursday, so it makes sense that we would retested. However, there isn’t...
The EUR/USD pair fell during the course of the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated. The 1.15 level of course has offered resistance yet again, and it now appears...
The AUD/USD pair tried to break out to the upside on Friday, but then turned back around at roughly 0.79 to form a bit of a shooting star. That being the case it looks like we’re ready...
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 is likely consolidation of the uptrend. Range trading between 1.2250 and 1.2797 would...
USDJPY continued its sideways movement in a range between 115.56 and 121.84. Support is at 115.56, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 101.06 (Jul 10,...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high), and the rise from 0.7625 is likely consolidation of the downtrend. Resistance is located as the trend...
