EURUSD is facing 1.0657 resistance, a break of this level will indicate that the downward movement from 1.1299 had completed at 1.0518 already, then further rally to 1.0800 area could be seen. On the downside, as long...
The USD/JPY pair went back and forth during the session on Friday, as the market looks to be running out of steam. Quite frankly, I think this is good news as a pullback would be a nice...
The US dollar initially fell on Friday, but then turned right back around to break above the 1.35 handle. We are closing towards the top of the range, and thus it should continue the bullish pressure to...
The British pound did almost nothing during the day on Friday, as we continue to go back and forth below the 1.25 handle. This is a market that continues to be very choppy, and as a result...
The EUR/USD pair bounced on Friday, as the 1.05 level offered support. This is an area that’s massively supportive on longer-term charts, so I think we must rally from here to roll back over and build up...
AUD/USD daily chart, November 28, 2016 The AUD/USD pair initially rallied on Friday but gave back about half of the gains. We did not form a shooting star, but something close to it. I believe that given...
USDCAD remains in uptrend from 1.2763. Further rise could be expected after a minor consolidation, and next target would be at 1.3800 area. Support is at 1.3264, only break below this level could signal completion of the...
USDJPY’s upward movement from 101.18 extended to as high as 113.89. Further rise could be expected after a minor consolidation and next target would be at 120.00 area. Support levels are at 111.50 and 109.00, as long...
AUDUSD is in downtrend from 0.7778. Further decline is possible over the next several weeks, and next target would be at 0.6900 area. Resistance is at 0.7530, only break above this level could trigger another rise towards...
GBPUSD is in consolidation of the downtrend from 1.5016. Range trading between 1.1946 and 1.2700 would likely be seen over the next several weeks. Resistance is at 1.2700, as long as this level holds, the downtrend could...
