AUDUSD has been in a steady downtrend since December last year and has been trading below a descending trend line connecting its recent highs on the 4-hour chart. Price seems to have broken above the trend line...
After touching 1.2447 support, USDCAD rebounded into the trading range between 1.2447 and 1.2835. Further rally would likely be seen, and the target would be at 1.2700 area. Support is at 1.2447, only break below this level...
USDJPY broke below 119.29 support, indicating that the downtrend from 122.02 has resumed. Further decline could be expected, and next target would be at 118.00 area. Resistance levels are at 120.50 and 122.02, only break above these...
AUDUSD broke above 0.7912 resistance, indicating that the uptrend from 0.7560 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 0.8050 area. Support is at 0.7700, only break below...
GBPUSD stays in the trading range between 1.4634 and 1.5162. Key resistance is at 1.5162, as long as this level holds, the sideways movement could be expected to continue over the next several days, and another fall...
EURUSD is testing 1.1045 resistance, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.1200 area. On the other side, as long as 1.1045 resistance holds, the...
The USD/JPY pair went back and forth during the course of the session on Monday, as the 120 level offered resistance. However, we believe that ultimately this market will find enough buyers to push this particular market...
The USD/CAD pair initially broke down to the upside during the session on Monday, but turned back around to test the 1.25 handle. This is the beginning of significant support, and we believe that it extends all...
The GBP/USD pair initially fell during the course of the session on Monday, but found enough support at the 1.48 level to turn things back around and form a hammer. Because of this, looks like the British...
The EUR/USD pair initially fell during the session on Monday, but then shot higher later in the day in order to challenge the 1.0950 region. We still see the 1.10 level as resistance, as the market has...
