The GBP/USD pair fell apart during the course of the day on Friday as we crashed towards the 1.30 level. Given enough time, we should continue to see negativity in this market and therefore think rallies will...
The Euro fell rather sharply during the course of the day on Friday, slamming into the 1.1150 level. However, this is an area that is very important in general so I would not be surprise at all...
The AUD/USD pair fell slightly during the course of the session on Friday, as we continue to bang around the 0.75 handle. This is an area that continues to be a bit of a magnet for price,...
EURAUD recently broke above the neckline of an inverse head and shoulders pattern, signaling a reversal from its previous downtrend. Before price resumes its climb, it could still make a pullback to the broken resistance area. ...
Being contained by 1.3252 (Jul 27 high) resistance, USDCAD pulled back from 1.3235, indicating that consolidation of the uptrend from 1.2822 is underway. Range trading between 1.3080 and 1.3235 would likely be seen in a couple of...
USDJPY is forming a sideways consolidation in a range between 101.20 and 103.35. Support is at 101.20, a breakdown below this level could bring price to test 99.52 support. Resistance is at 103.35, only break above this...
AUDUSD is in consolidation of the downtrend from 0.7731. Range trading between 0.7441 and 0.7567 would likely be seen over the next several days. Resistance is now at 0.7567, as long as this level holds, the downtrend...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to 1.2900 area is...
EURUSD moved sideways in a narrow range between 1.1198 and 1.1285. As long as 1.1285 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.1326, and further decline to...
The USD/JPY pair initially tried to rally during the course of the session on Wednesday, but turn right back around to form some type of shooting star. This being the case, it’s likely that we will have...
