The USD/CAD pair went back and forth during the course of the day on Wednesday, as we turned right back around to form a slightly positive candle. However, I think the 1.32 level of course is resistive...
The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break...
The Euro rose again against the US dollar, but we are still very much stock in the consolidation area that we have been in for some time now. I believe that the larger consolidation area extends all...
The AUD/USD pair initially tried to fall, but then turned around to slam into the 0.75 level. Ultimately, this is a market that is at fairly low levels, but I also feel that the market could be...
USDCAD has formed higher lows and found resistance at the 1.3200 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the resistance, still deciding whether to go for a...
USDCAD’s upward movement from 1.2822 extended to as high as 1.3208. Further rise could be expected after a minor consolidation, and next target would be at 1.3400 area. Support level is now at 1.3125, as long as...
USDJPY’s bounce from 101.20 can reach 103.35 only, the subsequent fall indicate that the pair remains in downtrend from 104.31. Further decline to 100.00 area would likely be seen over the next several days. Resistance is now...
AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7200 area. Resistance is at 0.7530, only break...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD is in downtrend from 1.1326, the rise from 1.1198 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.1000 area. Near term resistance is at 1.2385,...
