GBPUSD failed to break above 1.5551 resistance, indicating that the pair remains in downtrend from 1.7190 (Jul 15, 2014 high), and the rise from 1.4565 would possibly be consolidation of the downtrend. Further decline to test 1.4565...
EURUSD broke above 1.1052 resistance, indicating that lengthier consolidation for the downtrend from 1.3993 (May 8, 2014 high) is underway. Further rise to test 1.1533 key resistance is possible, as long as this level holds, the downtrend...
The USD/JPY pair broke higher during the day on Friday, as we continue to grind our way back towards the top of consolidation. We closed above the 120 level, and that of course is bullish. Ultimately, we...
The USD/CAD pair rose during the session on Friday, as we continue to see a bit of a bounce from the 1.20 region. Because of this, the market looks as if it is ready to continue going...
The GBP/USD pair initially tried to rally during the session on Friday, but failed and fell flat. Because of this, we ended up testing the 1.51 level, and it now seems like we are heading directly to...
The EUR/USD pair broke higher during the session on Friday initially, clearing the 1.12 level. However, the area offered enough resistance to turn things back around and form a nasty looking shooting star. This is at the...
The AUD/USD pair broke down during the session again on Friday, but did find a little bit of support towards the end of the day. The 0.7850 level looks to be somewhat supportive, but ultimately we think...
The USD/JPY pair initially fell during the course of the session on Thursday, but found support near the 118.50 level yet again. Because of this, it appears that the market is ready to continue going higher, and...
The USD/CAD pair broke higher during the course of the day on Thursday, clearing the top of the hammer in order to fire off by signals. However, we did struggle above the 1.21 handle, so it is...
The GBP/USD pair initially tried to rally during the course of the session on Thursday, but the 1.55 level offered resistance yet again. Because of this, the market ended up forming the second shooting star in a...
