GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation at the moment and...
GBPJPY seems to be having trouble extending its climb past the 188.00 major psychological resistance level, opening up the possibility of a large correction to the areas of interest. On its 4-hour chart, it can be seen...
The USD/JPY pair initially fell during the course of the session on Monday, as buyers then stepped in to rally above towards the 120 level. That is the area that seems to be the beginning of significant...
The USD/CAD pair broke higher during the course of the day on Monday, showing a very strong bounce. However, we are not free and clear yet, and therefore we are a bit hesitant to start buying quite...
The GBP/USD pair fell during the course of the day on Monday, as the 1.58 level continues to offer significant amount of resistance. Ultimately though, we feel that the 1.55 level below is massively supportive, and that...
The EUR/USD pair fell during the session on Monday, as we pulled back from the 1.15 level. We do believe that this market eventually goes higher, but we obviously need to pull back a little bit and...
The AUD/USD pair fell during the day on Monday, dropping below the 0.80 level. This of course is a very negative looking candle, but there is quite a bit in the way of support just below so...
GBPUSD has been on a strong uptrend, as the pair has been trading above a rising trend line forming on its 4-hour forex chart. The pair recently rallied up to the 1.5800 major psychological resistance before showing...
EURJPY is moving inside an ascending channel on its 1-hour chart, indicating that a short-term uptrend is taking place. However, the pair has already reached the top of the channel and may fall from the resistance near...
USDCAD’s downward movement from 1.2835 extended to as low as 1.1919. Further decline could be expected over the next several weeks, and next target would be at 1.1500 area. Resistance is at the top of the price...
