After touching 121.84 (Dec 8, 2014 high) resistance, USDJPY pulled back from 122.02. However, the fall is likely consolidation of the uptrend from 118.23. Support is located at the upward trend line on 4-hour chart, as long...
AUDUSD remains in downtrend from 0.7912, and the fall extended to as low as 0.7592. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Resistance is now at 0.7700,...
GBPUSD’s downward movement from 1.5551 extended to as low as 1.5028. Further decline to test 1.4950 support would likely be seen. Resistance is at 1.5150, only break above this level could signal completion of the downtrend.
EURUSD’s downward movement from 1.1450 extended to as low as 1.0667. Resistance is now at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0500 area....
NZDJPY has been in a downtrend on its 1-hour forex chart, as a descending trend line can be drawn to connect the recent highs. The pair just dipped to the 88.00 major psychological support level and is...
The USD/JPY pair initially fell during the session on Monday, but found enough support to turn things back around and form a nice-looking hammer. The hammer of course suggests that we are going to continue going higher,...
The USD/CAD pair tried to fall during the course of the session on Monday, but found a little bit of support below, and formed a bit of a hammer. Because of this, the market looks as if...
The GBP/USD pair rose during the course of the session on Monday, as we bounced significantly above the 1.50 level. This is an area that should be massively supportive, based upon the large, round, psychologically significant number....
The EUR/USD pair initially tried to rally during the course of the day on Monday, but found the sellers far too stringent, and then pullback to form a bit of a shooting star. The shooting star at...
The AUD/USD pair tried to rally during the course of the session on Monday, but you back most of the gains in ended up forming a shooting star. The shooting star at the bottom of a downtrend...
