AUDUSD continued its sideways movement in a range between 0.6826 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high),...
GBPUSD remains in downtrend from 1.5929 (Jun 18, 2015 high), the rise from 1.4080 is likely consolidation of the downtrend. Range trading between 1.4080 and 1.4600 would likely be seen in a couple of weeks. Resistance is...
EURUSD’s upward movement from 1.0517 extended to as high as 1.1376. Further rise to 1.2000 area could be expected after a minor consolidation. Support is at 1.0700, only break below this level could trigger another fall towards...
The USD/JPY pair initially fell during the course of the day on Friday, turning back around to form a hammer. The hammer for the Friday session is preceded by a hammer for the Thursday session. Because of...
The USD/CAD pair went back and forth during the course of the day on Friday but the 1.40 level above is proving itself to be massively resistive. That being the case, we think that we will pullback...
The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45 level. The weekly candle of course is a...
The EUR/USD pair fell during the course of the session on Friday, showing real signs of volatility. Ultimately though, we believe that there is more than enough support below to turn this market back around and continue...
The AUD/USD pair went back and forth during the course of the session on Friday, as we hug the 0.71 handle. Ultimately, we think that this market is going to continue to bounce around between the 0.70...
The USD/JPY pair fell significantly during the course of the day on Thursday, but found enough support below to turn things back around and form a bit of a hammer. Because of that, it looks as if...
The USD/CAD pair initially rose during the course of the day on Thursday, testing the 1.40 level which of course is a massive round number. That being the case, we turned back around to form something akin...
