GBPUSD is in downtrend from 1.5929, the rise from 1.5107 is likely consolidation of the downtrend. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are...
EURUSD moved sideways in a narrow range between 1.1087 and 1.1460. The price action in the range is likely consolidation of the downtrend from 1.1713. Another fall could be expected after consolidation and next target would be...
The USD/JPY pair broke higher during the course of the session on Friday, but quite frankly not far enough to get us interested. It appears of this market is going to continue to be volatile and choppy,...
The USD/CAD pair initially fell significantly during the course of the session on Friday, but found enough buyers below to turn things back around and form a hammer. The hammer of course suggests that we could bounce...
The GBP/USD pair fell during the course of the day on Friday, taking back most of the gains from the Thursday session. With that being said, looks like we could drift a little bit lower from here,...
The EUR/USD pair broke higher during the course of the session on Friday, clearing the top of the shooting star from Thursday. With that being the case, the market looks as if it is ready go higher,...
The AUD/USD pair broke higher during the course of the session on Friday, as we continue to grind our way towards the 0.7350 level. We are broken above to significant shooting stars now, so at this point...
GBPUSD is starting a downtrend on its short-term time frames, as a descending channel is forming on its 1-hour forex chart. The pair just bounced off the channel support at the 1.5100 major psychological level and might...
The USD/JPY pair initially fell during the course of the session on Thursday, but turned back around to form a little bit of a hammer. That being the case, the hammer sits just below the 120 handle,...
The USD/CAD pair fell significantly during the day on Thursday, testing the 1.30 level. However, this is a huge supportive level for the market, and as a result we believe that a buying opportunity could present itself...
