USDJPY failed to break below 98.97 support, indicating that lengthier consolidation for the downtrend from 123.75 (Nov 18, 2015 high) is needed. Range trading between 98.97 and 107.48 would likely be seen over the next several weeks....
AUDUSD is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the uptrend from 0.7144 could be expected to continue, and next target would be at 0.8000...
GBPUSD stays within a trading range between 1.2795 and 1.3480. As long as 1.3800 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5016, and another fall to...
EURUSD stays in a upward price channel on daily chart and remains in uptrend from 1.0911. Near term support is at 1.1150, as long as this level holds, the uptrend could be expected to continue, and next...
The USD/JPY pair initially fell during the course of the day on Thursday, but turned right back around to form a bit of a hammer. Because of the 100 level below, I believe that it’s only a...
The USD/CAD pair initially fell during the day on Thursday but turned right back around to form a bit of a hammer. The hammer of course is a very strong sign, and as a result we may...
The GBP/USD pair fell slightly during the course of the session on Thursday, and as you can see the sellers have jumped back in to take advantage of value found in the US dollars this point in...
EUR/USD rose during the course of the day but did pullback a little bit towards the end. I believe that we are going to continue to try to go higher, but it’s going to be very choppy....
The AUD/USD pair initially tried to rally during the course of the session on Thursday, but failed and ended up turning around and forming a shooting star. This being the case, the market is very likely to...
EURUSD has been trending higher on its 4-hour chart, moving inside an ascending channel pattern and currently testing resistance. If the ceiling holds, EURUSD could pull back to the channel support at the 1.1150 minor psychological level....
