GBPUSD is now in downtrend from 1.5551. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance levels are at 1.5460 and 1.5551, only break above these levels could...
EURUSD’s downward movement from 1.1450 extended to as low as 1.1154. Further decline to test 1.1097 support is possible, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed,...
EURCAD seems to be bouncing off its recent lows and may be due for a correction to the broken support level at the 1.4100 major psychological level. This lines up with the 38.2% Fibonacci retracement level on...
The USD/JPY pair initially fell during the session on Monday, but found enough support to bounce and break above the 120 level. That being the case, the market looks as if it is ready to continue going...
The USD/CAD pair went back and forth on Monday, essentially using the 1.25 level as support. However, when you look at the overall marketplace, you can see that a descending triangle seems to be forming. The descending...
The GBP/USD pair fell during the session on Monday, as we head towards the 1.53 handle. If we can break below this level, the market should then head down to the 1.50 and although it should be...
The EUR/USD pair tried to rally during the course of the day on Monday, but as you can see turned back around to form a shooting star. The shooting star suggests that the market is going to...
The AUD/USD pair went back and forth during the session on Monday, essentially doing nothing. Because of this, we feel that the AUD/USD pair is essentially one that we aren’t interested in, but do recognize that if...
USDCAD moved sideways without trend in a trading range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. Support is at 1.2352, as long as this level holds, the...
USDJPY is facing 120.47 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then the following upward movement could bring price to 125.00 area. However, as long...
