USDJPY failed to break below 98.97 (Jun 24, 2016 low) support and rebounded strongly from 99.52, indicating that the downward movement from 107.48 had completed. Further rally could be expected in a couple of days, and next...
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3278 already. Further decline could be expected in a couple of days and next target would be at...
EURUSD is in downtrend from 1.1366. Further decline could be expected over the next several days, and next target would be at 1.1000 area. Resistance is at 1.2270, only break above this level could trigger another rise...
The USD/JPY pair initially fell during the course of the day on Friday, but bounced off of the 100 level yet again. By doing so, we ended up forming a very bullish looking candle in a think...
The USD/CAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again. I believe that this market is trying to build up enough momentum to finally break...
The GBP/USD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we...
The EUR/USD pair continues to show weakness and lofty levels. I believe that this market is going to continue to consolidate between the 1.12 level, and the 1.1350 level on the top. At this point in time,...
The Australian dollar initially tried to rally during the course of the day on Friday, but turned right back around to form a very negative looking candle. We informed three shooting stars in a row on the...
AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. A long red candle closed below the .7600 major psychological support,...
USDCAD remains in uptrend from 1.2460, the price action from 1.3188 is likely consolidation of the uptrend. Another rise to 1.3600 area to complete the upward movement is possible over the next several weeks. Support is at...
