GBPUSD continued its sideways movement in a range between 1.2795 and 1.3480. Key resistance is at 1.3800, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and...
EURUSD broke above the downward trend line on daily chart, indicating that the downward movement from 1.1616 had completed at 1.0911 already. The pair is now in uptrend. Further rise could be expected over the next several...
The USD/JPY pair went back and forth during the course of the session on Thursday, forming a somewhat exhaustive candle. If we can break down below the 99.50 level, I feel at that point in time we...
The USD/CAD pair fell significantly during the course of the day on Thursday, as we continue to see weakness in the US dollar, and of course massive strength in the oil markets. With this being the case,...
The GBP/USD pair broke higher during the course of the session on Thursday, clearing the 1.30 level. However, I believe that this market has quite a bit of resistance above, so it simply waiting to see exhaustion...
The EUR/USD pair rose during the course of the day, reaching towards the 1.1350 level. The area has been resistive in the past, and having said that it’s likely that the sellers could reenter this market, but...
The AUD/USD pair went back and forth during the course of the day on Thursday, ultimately turning around to form a bit of a shooting star. The fact that we have formed a shooting star in this...
EURAUD has been declining on its 4-hour chart but a reversal pattern has formed, signaling a potential uptrend. Price has failed in its last two attempts to break below the 1.4500 major psychological support, creating a double...
The USD/JPY pair initially tried to rally during the course of the session, as the Tuesday markets have shown a bit of strength originally. However, we turned right back around to form a bit of a shooting...
The USD/CAD pair initially tried to rally on Tuesday but then turn right back around to form a bit of a shooting star. There is support just below though, so I think what we’re going to see...
