USDCAD is now in downtrend from 1.2835. Further decline could be expected over the next several days, and next target would be at 1.2300 area. Resistance levels are at 1.2700 and 1.2835, only break above these levels...
USDJPY broke below 120.66 support, indicating that the uptrend from 118.23 had completed at 122.02 already. The pair is now in downtrend, further decline could be expected over the next several days, and the target would be...
AUDUSD broke above the channel resistance, indicating that the downtrend from 0.7912 had completed at 0.7560 already. The pair is now in uptrend, further rise could be expected after consolidation, and the target would be at 0.8000...
GBPUSD broke above 1.4900 resistance, indicating that the downtrend from 1.5551 had completed at 1.4634 already. The pair is now in uptrend, further rise would be expected after consolidation, and the target would be at 1.5350 –...
EURUSD broke above 1.0700 resistance, indicating that the downtrend from 1.1450 had completed at 1.0462 already. However, the rise from 1.0462 would possibly be consolidation of the long term downtrend from 1.3993 (May 8, 2014 high), range...
GBPUSD made a strong bounce during the FOMC statement, as dollar bulls were disappointed to find out that the Fed lowered their growth and inflation forecasts. Although the statement no longer contained the “patient” wording in discussing...
The USD/JPY pair went back and forth during the day on Tuesday, essentially forming a hammer yet again. Because of this, the market looks as if it is completely supported below, probably finding a bit of a...
The USD/CAD pair fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This is the second hammer in a row, so we do believe that the...
The GBP/USD pair broke down during the session on Tuesday, slicing back below the 1.48 level. With that being the case, the market looks as if it’s ready to continue going lower, possibly down to the 1.45...
The EUR/USD pair tried to break out to the upside during the session on Tuesday, but ran into a significant amount of resistance above the 1.06 level. Because of this, the market ended up falling and forming...
