USDCAD continued its sideways movement in a range between 1.2352 and 1.2835. Deeper decline would likely be seen, and the target would be at 1.2450 area. Key resistance is at 1.2835, only break above this level could...
USDJPY is in downtrend from 122.02, the rise from 118.33 could be treated as consolidation of the downtrend. Resistance is at 120.36, as long as this level holds, the downtrend could be expected to continue, and next...
AUDUSD broke below 0.7560 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Resistance...
GBPUSD remains in uptrend from 1.4634. Another rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is...
EURUSD broke above the channel resistance, indicating that the downward movement from 1.1052 had completed at 1.0713 already. Further rise to test 1.1052 resistance could be expected, a break of this level could bring price to 1.1150...
The USD/JPY pair tried to rally during the course of the day on Wednesday, but found far too much in the way of resistance above the 120 level. With that being the case, the market ended up...
The USD/CAD pair went back and forth on Wednesday, essentially settling on a relatively neutral candle but did have a little bit of bearishness to it. The market looks as if it’s ready to continue to drop...
The GBP/USD pair fell during the course of the session on Wednesday, dipping well below the 1.48 level before finding support. That being the case, we ended up bouncing enough to form a bit of a hammer,...
The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough support below the 1.0750 level to turn things back around and form a hammer. This is the second hammer in a...
The AUD/USD pair fell during the course of the session on Wednesday, testing the 0.76 handle. With that, we feel that the market will continue to go much lower. If we can break down below this handle,...
