AUDUSD’s downward movement from 0.7912 extended to as low as 0.7690. Further decline to test 0.7625 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 0.9504 (Jul 1, 2014...
GBPUSD remains in downtrend from 1.5551, and the fall extended to as low as 1.5032. Further decline to test 1.4950 support is possible, a breakdown below this level will signal resumption of the long term downtrend from...
EURUSD continued its downward movement from 1.1450, and the fall extended to as low as 1.0822. Further decline could be expected after a minor consolidation, and next target would be at 1.0500 area. Resistance is at 1.1000,...
USDCAD moved sideways in a trading range between 1.2351 and 1.2797. Near term support is at 1.2351, and the key support is located at the upward trend line on daily chart. As long as the trend line...
USDJPY is facing 121.84 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 130.00 area. On the other side, as long...
AUDUSD failed to break above the downward trend line on daily chart, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the bounce from 0.7625 could be treated as consolidation of the...
GBPUSD is facing 1.4950 support, a breakdown below this level will indicate that the downtrend from 1.7190 (Jul 15, 2014 high) has resumed, then next target would be at 1.4500 area. On the other side, as long...
EURUSD broke below 1.1097 support, and continued its downward movement from 1.3993 (May 8, 2014 high), and the fall extended to as low as 1.0839. Key resistance is now at 1.1533, as long as this level holds,...
USDJPY could be gearing up for another strong breakout, as the pair is moving inside an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation, still deciding whether to make...
The USD/JPY pair broke higher during the course of the session on Thursday, clearing the 120 handle. However, with the nonfarm payroll numbers coming out today, it’s very likely that the market should continue to tread water...
