No changed in our view, GBPUSD is in downtrend from 1.5016, the rise from 1.2795 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000.
EURUSD remains in downtrend from 1.1616, the rise from 1.0911 is possibly be consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend...
The USD/JPY pair fell during the day on Thursday, testing the 105 level. This is an area that previously had been resistive and should now offer a bit of support. A supportive candle at this point in...
The US dollar initially fell against the Canadian dollar during the day on Thursday but turned around to form a bit of a hammer. The hammer suggests that we are going to go higher from here but...
The GBP/USD pair went back and forth during the course of the day on Thursday, as we continue to bounce around. Anytime a bounce from here should run into a buzz all of resistance though, as the...
The EUR/USD pair went back and forth during the course of the session on Thursday, as we continue to bounce around the 1.10 level. This is an area that has been very supportive recently, and of course...
The AUD/USD pair initially rallied during the day on Thursday but turned back around to give up about half of the gains. Because of this, the market looks as if it is trying to break down but...
USDCAD has been trading in an ascending channel on its 4-hour time frame but might encounter resistance on this uptrend soon. Price is making its way towards the top of the channel at the 1.3200 major psychological...
EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame. Price appears to be bouncing off the support zone and could carry on...
The USD/JPY pair initially tried to fall during the course of the day on Wednesday but turned right back around to form a bullish candle. With this, the market looks as if it is ready to continue...
