EURUSD stays in the downward price channel on 4-hour chart and remains in downtrend from 1.1279. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0700...
The USD/JPY pair fell during the course of the day on Wednesday, as we continue to go back and forth overall. The 103 level seems to be supportive in general, so it’s likely that sooner or later...
The USD/CAD pair broke down during the course of the session on Wednesday, but found enough support near the 1.30 level below to turn things back around and form a massive hammer. Because of this, it looks...
The GBP/USD pair initially tried to rally during the course of the day on Wednesday, but turned right back around to show a slightly negative candle. With this being the case, it looks as if the market...
The EUR/USD pair initially tried to rally during the course of the session on Wednesday, testing the 1.10 level, which of course has been resistive over the last several sessions. The shooting star is a very negative...
The AUD/USD pair initially tried to fall during the course of the day on Wednesday but found enough buyers to continue to push this market towards the 0.7750 level, which of course is a larger barrier that...
USDCAD is trending higher on its long-term and short-term charts, moving inside an ascending channel on its 1-hour time frame. Price dipped below the channel support but spiked right back up, indicating that buyers are putting up...
USDCAD rebounded strongly from 1.3005, indicating that the downward movement from 1.3313 had completed. Further rally could be expected over the next several days, and next target would be at 1.3250 area. Support level are at 1.3070...
AUDUSD’s upward movement from 0.7506 extended to as high as 0.7734. Further rise is still possible after a minor consolidation, and next target would be at 0.7800 area. Support is at 0.7650, only break below this level...
EURUSD’s downward movement from 1.1279 extended to as low as 1.0954. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Resistance levels are at 1.1025 and 1.1058, only break...
