You probably saw last year’s Academy Award-winning film about the subprime mortgage meltdown, “The Big Short.” And if not, you know how it ends — with the biggest financial meltdown since the Great Depression. Well, today I’m...
USDCAD’s downward movement from 1.4689 extended to as low as 1.2857. Resistance is at 1.3296, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2500 area. On...
USDJPY remains in downtrend from 123.75, the sideways movement in a range between 110.66 and 114.87 is likely consolidation of the downtrend. Resistance is at 114.87, as long as this level holds, the downtrend could be expected...
AUDUSD stays in the upward price channel on daily chart, and remains in uptrend from 0.6826. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8000...
GBPUSD continued its sideways movement in a range between 1.3835 and 1.4668. Key resistance is at 1.4668, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5929 (Jun...
EURUSD’s upward movement from 1.0517 extended to as high as 1.1438. Further rise could be expected over the next several months, and next target would be at 1.2000 area. Support is at 1.1100, only break below this...
The USD/JPY pair went back and forth during the course of the session on Thursday, forming a hammer yet again. We formed on Wednesday another hammer, so it leads us to believe that we will probably bounce...
The USD/CAD pair initially fell during the course of the session on Thursday, but turned back around to form a nice-looking hammer for the session, which of course is very bullish. The 1.30 level is a major...
The GBP/USD pair initially tried to rally, but it did get back about half of the gains from the session on Thursday. With this, it looks as if the market is probably going to continue to bounce...
The EUR/USD pair rose during the course of the day on Thursday, breaking above the top of the shooting star from the Wednesday session. On top of that, we are well above the 1.13 level, so we...
