The EUR/USD pair rose during the session on Monday, but then struggled at the 1.06 handle. With that being the case, the market looks as if it’s ready to continue going lower, but we also recognize that...
The AUD/USD pair tried to break out to the upside during the session on Monday, but pullback to form a bit of a shooting star. With that, it looks as if the market is ready to continue...
EURUSD has been treading lower across all time frames but it seems that a short-term reversal might take place. On its 1-hour chart, the pair has formed a double bottom pattern, indicating that the downtrend could turn....
EURAUD broke below the neckline support of its head and shoulders pattern on the daily time frame, indicating that the pair is in for longer-term declines. Price is now 200 pips below the neckline at the 1.4000...
USDCAD’s upward movement from 1.2406 extended to as high as 1.2823. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 118.23. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
AUDUSD stays within the downward price channel on 4-hour chart, and remains in downtrend from 0.7912. Near term resistance is at the top of the channel, as long as the channel resistance holds, the downtrend could be...
GBPUSD continued its downward movement from 1.5551, and the fall extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area. Resistance is now at...
EURUSD’s downward movement from 1.1450 extended to as low as 1.0462. Further decline could be expected, and next target would be at 1.0200 area. Resistance is at 1.0700, only break above this level could signal completion of...
USDCAD broke above 1.2797 resistance, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) has resumed. Further rise could be expected, and next target would be at 1.3500 area. Support is at 1.2600, only break below...
