I’m sure you noticed that the markets went off the rails since the start of this year. During this decline, there has been one persistent question market pundits have been trying to answer: “How likely is a...
No changed in our view, USDCAD is in consolidation of the long term uptrend from 0.9406 (Jul 26, 2011 low). Range trading between 1.3400 and 1.4689 is possible over the next several weeks. Support is at 1.3400,...
USDJPY remains in downtrend from 123.75, the rise from 110.97 could be treated as consolidation of the downtrend. Resistance is at 115.00, as long as this level holds, the downtrend could be expected to continue, and next...
AUDUSD stayed in a trading range between 0.6826 and 0.7439 for several months. Key resistance is at 0.7439, as long as this level holds, the price action in the range could be treated as consolidation of the...
GBPUSD is forming a sideways consolidation in a range between 1.4080 and 1.4668. As long as 1.4668 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), further...
EURUSD remains in uptrend from 1.0517, the fall from 1.1376 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.2000 area. Support levels are at 1.1000 and...
The USD/JPY pair went back and forth on Friday, showing quite a bit of reluctance to make any real move. Ultimately, this is a market that should continue to go lower, but we also recognize that a...
The USD/CAD pair initially tried to rally during the course of the day on Friday but turned back around in order to form a shooting star. Because of this, it does not look like market is ready...
The GBP/USD pair initially fell during the day on Friday but found enough support near the 1.4250 level to turn things around and form a bit of a hammer. At this point in time, it looks like...
The EUR/USD pair initially fell during the day on Friday, but bounced in order to form a hammer. This happened on Thursday as well, and right at the 1.1050 level where we would anticipate seeing quite a...
