USDJPY is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the bounce from 98.97 could be treated as consolidation of the downtrend from 123.75 (Nov 18,...
AUDUSD’s upward movement from 0.7144 extended to as high as 0.7676. However, the rise would possibly be correction of the downtrend from 0.7834, another fall is still possible after correction, and next target would be at 0.6900.
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000. Near term resistance is at 1.3550, as...
EURUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.1616. Further decline could be expected after a minor consolidation, and next target would be at 1.0600 area. Resistance is at the...
USDCHF has been trending higher recently, moving inside a rising channel visible on its 1-hour and 4-hour charts. Price is currently testing the channel support and could be due for a bounce back to the resistance at...
EURAUD has been trending lower on its short-term and long-term time frames, but a potential opportunity to catch the downtrend has materialized on the 4-hour chart. Price is bouncing of the descending channel support and might be...
The USD/JPY pair broke out to the upside during the course of the session on Tuesday, showing real strength as we approached the 105 level. This is an area that should cause quite a bit of resistance,...
The USD/CAD pair broke down during the course of the session on Tuesday, breaking below the 1.30 level slightly. However, there is a lot of support just below so it’s very likely that the market could find...
This market is very bullish, at least in the short-term. However, I do see a lot of noise at the 1.35 level that could cause quite a bit of trouble, extending all the way to at least...
The EUR/USD pair broke to the upside during the day on Tuesday, but turn right back around to form a bit of a shooting star. With this, I believe that the market will continue to favor selling...
