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No changed in our view, USDCAD is in uptrend from 1.2460. The price action from 1.3188 is treated as consolidation of the uptrend. Further rise to 1.3600 area to complete the upward movement could be expected after...
USDJPY is forming a sideways consolidation in a range between 98.97 and 107.48. As long as 107.48 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 123.75 (Nov 18, 2015 high). Lengthier...
AUDUSD broke below the upward trend line on daily chart, indicating that the upward movement from 0.7144 had completed at 0.7755 already. Further decline could be expected over the next several weeks, and the target would be...
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 price action from 1.2795 could be treated as consolidation of the downtrend from...
EURUSD broke below the bottom of the price channel on daily chart, indicating that the upward movement from 1.0911 had completed at 1.1366 already. Further decline could be expected over the next several days, and next target...
The USD/JPY pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a shooting star. Because of this, if we break down below the bottom of the...
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but turn right back around to form a shooting star yet again. We had done the same thing on Wednesday, so looks...
The GBP/USD pair rallied during the course of the session on Thursday, but we are still well within the consolidation area. Quite frankly, I would expect to see some type of exhaustive candle just above in order...
The EUR/USD pair initially fell during the course of the day on Thursday, but turn right back around to form a very bullish candle. Because of this, the market looks as if it is trying to break...
