GBPUSD remains in downtrend from 1.5016, the bounce from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 could be expected over the next several weeks. Resistance is at 1.2700, as long as...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Further decline to test 1.0462 (Mar 13, 2015 low) support is possible next week. A breakdown below this level will indicate that the long term downtrend...
The USD/JPY pair initially fell on Friday but then continued the bullish pressure that we have seen. It now looks as if we are ready to go even higher, as the surprise election of Donald Trump has...
The USD/CAD pair struggled a bit during the day on Friday as we continue to meander around the 1.35 handle. Ultimately though, this is a market that has quite a bit of bullish pressure underneath, and as...
The British pound fell during the day on Friday, as we continue to reach towards the 1.23 level. If we can break down below there, the market should then reach towards the 1.21 handle below, or possibly...
The EUR/USD pair fell on Friday as we continue to see quite a bit of bearish pressure. However, we are approaching the 1.05 level which should be massively supportive, so I’m waiting to see whether or not...
The AUD/USD pair fell on Friday as we continue to see a lot of weakness in the Aussie dollar. This is a market that should continue to go lower as there is most certainly a massive amount...
The USD/JPY pair rallied during the day on Thursday, testing the top of the shooting star from the Wednesday session. Because of this, it’s likely that the market will continue to try to break out to the...
The USD/CAD pair went back and forth on Thursday as we found a bit of support at the 1.34 level below. I think that the market should continue to go higher, perhaps reaching towards the 1.35 handle...
The GBP/USD pair tried to rally on Thursday but found the 1.25 level above resistive enough to turn things around and form a shooting star. This matches the shooting star from the previous session, so I believe...
