GBPUSD remains in downtrend from 1.5929, the bounce from 1.4080 is likely consolidation of the downtrend. Another fall could be expected, and next target would be at 1.3700 area. Near term resistance is now at 1.4500, as...
EURUSD remains in uptrend from 1.0517, the price action from 1.1059 could be treated as correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.2000 area. Support levels are...
The USD/JPY pair broke higher during the day on Friday, clearing the 118.50 level. In fact, we went above there and closed at the very top of the range which of course is a very bullish sign....
The USD/JPY pair fell significantly during the course of the session on Friday, as we continue to see bearishness in this market. However, the longer-term trend is most certainly positive, and even though oil markets have rallied,...
The GBP/USD pair rallied during the session on Friday, but did struggle little bit towards the end of the day in order to form a somewhat exhaustive candle. This exhaustive candle suggests that perhaps we could pullback...
The EUR/USD pair initially tried to rally during the day on Friday but turned back around and crashed into the 1.08 level. Because of this, we feel that this market simply isn’t ready to make any serious...
The AUD/USD pair initially rallied during the course of the session on Friday but turned back around and form a perfect shooting star. On top of that, it is right at the 0.70 level, so it is...
The USD/JPY pair fell initially on Thursday, but turned back around to form a somewhat supportive candle. However, we still see a significant amount of resistance at the 118.50 level above, so we are not ready to...
The USD/CAD pair fell rather significantly during the day on Thursday, breaking well below the 1.43 level at one point. We believe that there is still a way to go to the downside, but we also recognize...
The GBP/USD pair initially fell during the day on Thursday, but found enough support near the 1.4050 level to turn things back around and form a significant looking hammer. However, there is quite a bit of bearish...
