USDCAD remains in downtrend from 1.2563, and the fall extended to as low as 1.2127. Further decline to test 1.1919 support would likely be seen, a breakdown below this level will signal resumption of the longer term...
USDJPY remains in uptrend from 75.57 (Oct 31, 2011), the fall from 125.85 is likely consolidation of the uptrend. Range trading between 120.00 and 125.85 is possible over the next several weeks. As long as 120.00 support...
AUDUSD moved sideways in a range between 0.7532 and 0.8162, the price action in the range is likely consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.7000 is still possible...
GBPUSD broke above 1.5814 resistance, indicating that the uptrend from 1.4565 has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.6500 area. Near term support is at 1.5550,...
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0462. Support is at 1.0819, as long as this level holds, the uptrend could be expected to continue, and further rise to...
The USD/JPY pair initially rallied during the course of the session on Friday, but turned back around to test the bottom of the hammer that formed on Thursday. Nonetheless, we find yourselves simply consolidating, and it is...
The USD/CAD pair broke higher during the course of the session on Friday, as the market broke above the hammer from the Thursday session. Because of that, we feel that the market will continue to go higher,...
The GBP/USD pair initially fell on Friday, but found enough support below to turn things back around and form a hammer. The hammer of course is a bullish sign, and the fact that we broke above the...
The EUR/USD pair fell during the course of the session on Friday, but found support near the 1.13 level to turn things back around and form a hammer. The hammer of course suggests buying, but we do...
The AUD/USD pair initially fell during the course of the session on Friday, but found buyers below to turn things back around and form a bit of a hammer. This hammer of course is a bullish sign,...
