EURUSD broke below 1.1097 support, indicating that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed. Further decline could be expected, and next target would be at 1.0800 area. Resistance is at 1.1250, only break above...
The USD/JPY pair went back and forth during the session on Tuesday, as we continue to meander below the 120 level. However, we think that short-term pullbacks will continue to be buying opportunities. This is a market...
The USD/CAD pair initially fell during the session on Tuesday, dipping well below the 1.25 handle. However, we found enough support below to turn things back around and form a nice-looking hammer. The hammer of course is...
The GBP/USD pair went back and forth on Tuesday, essentially settling on a slightly negative candle. At the end of the day however, we feel that this market has plenty of support in the neighborhood of the...
The EUR/USD pair initially fell on Tuesday, but as you can see turned back around to form a hammer. That hammer of course suggests that we are going to continue to go back and forth, as there...
The AUD/USD pair went back and forth on Tuesday, essentially establishing nothing. The market right now looks a lot like “dead money”, and as a result we are more than willing to step aside. We believe that...
AUDCAD could be in for a breakout soon, as price is approaching the peak of its symmetrical triangle pattern on the 4-hour time frame. Stochastic is pointing down, indicating that a downside break is likely, although price...
USDCAD stayed in the trading range between 1.2352 and 1.2797. Key resistance is now at 1.2663, a break of this level will signal resumption of the long term uptrend from 1.1191 (Nov 21, 2014 low), then the...
USDJPY failed to break above 120.47 resistance, indicating that the pair remains in downtrend from 120.47, and the rise from 118.23 could be treated as correction of the downtrend. Another fall to 116.50 area to complete the...
AUDUSD is now in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed. Then the following downward...
