AUDUSD’s downward movement from 0.7778 extended to as low as 0.7511. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Resistance is at 0.7620, only break above this level...
GBPUSD is facing 1.2350 support, a breakdown below this level will indicate that the upward movement from 1.2082 had completed at 1.2673 already, then the following downward move could bring price to 1.2000 area. On the upside,...
EURUSD remains in downtrend from 1.1299, the rise from 1.0709 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0840 and...
The USD/JPY pair broke down during the day on Monday, clearing the 107.50 level. This is an area that has caused quite a bit of resistance in the past so the fact that we broke above there...
The USD/CAD pair continues to grind higher as oil markets falter. Now that we are above the 1.35 level, the market will then more than likely reach towards the 1.40 handle, perhaps even higher than that. Short-term...
The British pound fell against the US dollar during the day on Monday, as we broke below the 1.25 handle. However, I think there is a significant amount of support just below so I think it’s probably...
The EUR/USD pair broke down below the 1.08 level, extending the bearish pressure even further. We have had an absolute meltdown when it comes to the value of the Euro, and it seems like it’s going to...
The AUD/USD pair did very little on Monday, as we continue to meander just above the uptrend line that has been so supportive on the longer-term charts. Beyond that, we also have the 0.75 level just below,...
USDJPY has completed its correction to the broken long-term trend line extending all the way back to 1998 so the reversal could resume from here. This coincides with the 50% Fibonacci retracement level on the swing low...
USDCAD’s upward movement from 1.3264 extended to as high as 1.3588. Further rise is still possible and next target would be at 1.3800 area. Support levels are at 1.3500 and 1.3460, as long as these levels hold,...
