EURAUD has been forming higher lows on its 4-hour chart, creating a rising trend line and reflecting an ongoing uptrend. The pair seems to be making a correction from its latest rally and using the Fibonacci retracement...
USDCAD is showing signs of a pullback on its 1-hour time frame, as the pair bounced off the 1.2200 major psychological support area. Price is now testing resistance at the 38.2% Fibonacci retracement level, which lines up...
USDCAD broke below 1.2350 support, indicating that the uptrend from 1.1919 had completed at 1.2563 already. The pair is now in downtrend, further decline to test 1.1919 support could be expected, a breakdown below this level will...
USDJPY remains in uptrend from 118.88, the fall from 125.85 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 130.00 area. Support is at 121.50, only break...
Being contained by 0.7532 support, AUDUSD formed a sideways consolidation in a narrow range for several days. As long as 0.7532 support holds, the fall from 0.8162 would possibly be correction of the uptrend from 0.7532, another...
GBPUSD failed to break below 1.5080 support, and rebounded from 1.5170. Further rise to test 1.5814 resistance could be expected, a break of this level will indicate that the uptrend from 1.4565 has resumed, then next target...
EURUSD remains in uptrend from 1.0462. Further rise to re-test 1.1533 resistance would likely be seen, a break of this level will confirm that the long term downtrend from 1.3993 (May 8, 2014 high) is complete, then...
The USD/JPY pair went back and forth in a very volatile session on Friday, as the market continues to try to figure out what to do next. We do believe ultimately this pair goes higher though, breaking...
The USD/CAD pair initially tried to rally during the course of the session on Friday, but found the area above to be far too resistive. However, the 1.24 level above is resistance, followed by the 1.25 level...
The GBP/USD pair went back and forth during the course of the session on Friday, testing the 1.550 level for support. Ultimately, we did find support there and as a result the market looks like it’s ready...
