The GBP/USD pair initially fell during the session on Monday, but found enough support below the 1.46 level to turn things back around and form a fairly positive looking candle. However, we think there’s enough resistance of...
The EUR/USD pair fell during the majority of the session on Monday, but found enough support near the 1.05 level to turn things back around and form a nice-looking hammer. This hammer of course suggests that the...
The AUD/USD pair went back and forth on Monday, testing the 0.75 level for support. The market has been supported in this area before, and with this it would be a bearish sign if we could break...
EURNZD recently broke below the 1.4300 major psychological support level and dipped to the 1.4100 area before pulling up. Price is now nearing the 38.2% Fibonacci retracement level on the latest swing high and low on the...
USDCAD continued its sideways movement in a range between 1.2352 and 1.2835. The price action in the range is likely consolidation of the long term uptrend from 1.0619 (Jul 3, 2014 low). Another rise to test 1.2835...
USDJPY is now in uptrend from 118.33. Further rise could be expected after a minor consolidation, and next target would be at 121.50 area. Support is at 119.50, only break below this level could trigger another fall...
AUDUSD’s bounce from 0.7532 extended to as high as 0.7738. As long as 0.7750 resistance holds, the bounce could be treated as consolidation of the downtrend from 0.7938, another fall to 0.7400 area could be expected after...
GBPUSD broke below 1.4634 support. Further decline could be expected, and next target would be at 1.4400 area. Resistance is at 1.4735, only break above this level will indicate that the downtrend from 1.4994 is complete, then...
EURUSD’s downward movement from 1.1052 extended to as low as 1.0567. Further decline to test 1.0462 support is possible, a breakdown below this level will confirm that the long term downtrend from 1.3993 (May 8, 2014 high)...
USDCAD continued its sideways movement in a range between 1.2351 and 1.2835. As long as 1.2351 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0619 (Jul 3, 2014...
