USD/CAD pair broke higher during the course of the session on Thursday, as the 1.25 level continues to be a bit of a magnet for price. That being the case, the market looks as if it’s ready...
The GBP/USD pair went back and forth during the course of the session on Thursday as we continue to try to get above the 1.55 handle. There are several things going on at the same time here,...
The EUR/USD pair did very little during the course of the day on Thursday, as we continue to hover around the 1.14 region. Ultimately, this market looks as if it is consolidating between the 1.13 level on...
The AUD/USD pair went back and forth during the session on Thursday as we continue to hang about the 0.78 handle. Ultimately, we believe that this pair isn’t going to go above the 0.80 handle, so having...
USDCAD recently bounced off the bottom of the descending triangle on its 1-hour forex chart and is making its way to the top. Price could test the resistance near the 1.2600 major psychological level and make its...
USDCAD failed to break below 1.2352 support, and stayed in the trading range between 1.2352 and 1.2797. As long as 1.2352 support holds, the price action in the range could be treated as consolidation of the uptrend...
No changed in our view, USDJPY remains in downtrend from 120.47, the rise from 118.23 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and the target would be at 116.50 area. Key...
AUDUSD stayed in the trading range between 0.7625 and 0.7875. As long as 0.7875 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall...
GBPUSD remains in uptrend from 1.4950, the fall from 1.5479 is likely consolidation of the uptrend. Support is at 1.5315, as long as this level holds, the uptrend could be expected to continue, and next target would...
EURUSD moved sideways in a narrow range between 1.1261 and 1.1534. Support is at 1.1261, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then the following downward movement...
