The USD/JPY pair went back and forth during the course of the session on Tuesday, forming a fairly neutral candle. Ultimately, there is a significant amount of support just below, so I don’t have any interest in...
The USD/CAD pair fell initially during the course of the day but then turn right back around to form a bit of a hammer. By doing so, looks as if we are ready to start bouncing from...
The GBP/USD pair rallied during the course of the day on Tuesday, breaking above the 1.23 handle. At this point in time, this is a market that could rally for a while, but I’m waiting to see...
The EUR/USD pair had a negative day again on Tuesday, as we continue to bounce around the 1.10 level below. At this point in time, it appears that we are going to go lower, and therefore I’m...
The AUD/USD pair initially tried to rally during the day on Tuesday, but turn right back around form a bit of a shooting star. The shooting star of course is likely a sign that we have reached...
GBPJPY has been trending lower on its 1-hour time frame, moving below a descending trend line. Price bounced off the 124.75 area and is pulling up to test the trend line once more. Applying the Fib tool...
USDCAD is now in downtrend from 1.3313. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3183, as long as this level holds, the downtrend...
USDJPY is forming a sideways consolidation in a rang between 102.81 and 104.63. As long as 102.81 support holds, the uptrend from 100.08 could be expected to resume, and further rise to 106.00 area is possible. On...
AUDUSD’s upward movement from 0.7506 extended to as high as 0.7690. Further rise is still possible after a minor consolidation, and next target would be at 0.7750 area. Support is at 0.7640, only break below this level...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2477. Resistance is at 1.2477, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3445 (Sept 6...
