GBPUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.4500 area. However,...
EURUSD’s bounce from 1.1097 extended to as high as 1.1533. Near term resistance is at 1.1600, as long as this level holds, the bounce could be treated as consolidation of the downtrend from 1.3993 (May 8, 2014...
The USD/JPY pair fell initially during the session on Thursday, but continues to meander around the 117.50 level. Because of this, we feel that the market is just simply waiting for this announcement to make a decision....
The USD/CAD pair fell during the bulk of the session on Thursday, as we continue to consolidate just above the 1.24 handle. Because of that, it appears that the market will continue to consolidate as we await...
The GBP/USD pair broke higher during the course of the session on Thursday as we broke out above the recent consolidation area. It does appear that the British pound is ready to strengthen a bit but we...
The EUR/USD pair rose during the course of the day on Thursday, as the market bounced to the 1.15 level. This of course is an area that is a significant amount of resistance based upon the large,...
The AUD/USD pair did very little during the session on Thursday, as it appears the market is ready to continue to fall from here given enough time. That being the case, we break below the bottom of...
EURJPY has been slowly treading higher, creating an ascending trend channel on its 1-hour forex chart. Price has just bounced off the bottom of the range around the 133.00 major psychological support and looks ready to test...
The USD/JPY pair fell during the course of the session on Wednesday, as we continue to grind away sideways. With that being the case, the market continues to look a little bit supportive, and we definitely feel...
The USD/CAD pair broke higher during the course of the session, continuing uptrend that we’ve seen for some time. With that being the case, it looks like we are ready to go higher, and as a result...
