USDJPY is forming a sideways movement in a 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,...
AUDUSD’s upward movement extended to as high as 0.8162. Further rise could be expected, and next target would be at 0.8800 area. Support levels are at 0.7780 and 0.7532, only break below these levels could trigger another...
GBPUSD broke above 1.5551 resistance, indicating that the downward movement from 1.7190 (Jul 15, 2014 high) had completed at 1.4565 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and...
EURUSD is facing 1.1533 resistance, a break of this level will indicate that the downtrend from 1.3993 (May 8, 2014 high) had completed at 1.0462 already, then the following upward movement could bring price to 1.3000 area....
The USD/JPY pair initially tried to rally during the course of the day on Friday, but found the 120 level to be a far too tough of an opponent to take out. Because of this, we feel...
The USD/CAD pair tried to break higher during the course of the day on Friday, and did manage to close above the 1.20 level. However, we ended up forming a shooting star which of course is a...
The GBP/USD pair tried to rally during the course of the day on Friday, but found the 1.58 level to be a bit too resistive. However, this market does look like it’s going to be bullish overall...
The EUR/USD pair initially fell during the day on Friday, but found enough support below to turn things back around and form a hammer. The hammer of course is a very bullish sign and it is sitting...
The AUD/USD pair fell during the course of the day on Friday, testing the 0.80 level. Ultimately though, we ended up bouncing enough to form a nice-looking hammer and it appears of the market is going to...
AUDUSD recently broke past resistance at the .8000 major psychological level and surged up to a high of .8150. From there, the pair showed signs of retreating from the rally and may be due for a pullback...
