AUDUSD has been creating lower highs and making higher lows, forming a symmetrical triangle forex chart pattern on its 1-hour time frame. At the moment, the pair is testing the triangle support near the .7900 major psychological...
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USDCAD continued its downward movement from 1.2835, and the fall extended to as low as 1.1939. Near term resistance is at the top of the price channel on daily chart, as long as the channel resistance holds,...
USDJPY continued its sideways movement in the range between 115.56 and 122.02. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011),...
AUDUSD is now in uptrend from 0.7532, and the rise extended to as high as 0.8075. Further rise could be expected over the next several weeks, and next target would be at 0.8800 area. Support is at...
GBPUSD is facing 1.5551 key resistance again, a break of this level will indicate that the downtrend from 1.7190 (Jul 15, 2014 high) had completed at 1.4565 already, then the following upward movement could bring price to...
EURUSD’s bounce from 1.0462 extended to as high as 1.1391. Further rise to test 1.1533 key resistance is possible next week. As long as 1.1533 resistance holds, the bounce would possibly be consolidation of the downtrend from...
The USD/JPY pair went higher during the beginning of the session on Friday, but turned back around to form a bit of a shooting star. However, the market looks as if it is simply grinding away in...
The USD/CAD pair fell during the course of the day on Friday, but found support at the 1.20 level yet again. The market looks rather sideways, but in the weekly timeframe we have a significant amount of...
The GBP/USD pair went back and forth during the course of the day on Friday, testing the 1.55 level. That’s an area that has been resistive previously, and it certainly was on Friday. If we can break...
