The GBP/USD pair had a slightly positive candle form for the Wednesday session. The 1.27 level continues to attract a lot of noise though, so having said that I think that it will remain choppy. If we...
The EUR/USD pair had a slightly positive Wednesday, as we continue to bounce around and show signs of consolidation. I believe that there is a significant amount of resistance near the 1.0750 level above, so if we...
The Australian dollar went back and forth during the day on Wednesday, breaking above the 0.75 level. At this point, a rally will continue to face a little bit of trouble above, but more importantly you have...
AUDUSD broke down from its wedge formation after the FOMC statement but signs of a correction are materializing. Applying the Fib tool on the breakdown move shows that the 50% level lines up with the broken wedge...
USDCAD broke above the downward price channel on 4-hour chart, indicating that the downtrend from 1.3536 had competed at 1.3080 already. Further rally could be expected after a minor consolidation and next target would be at 1.3500...
USDJPY’s upward movement from 101.18 extended to as high as 117.85. Key support is now at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00...
AUDUSD’s upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal...
GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is...
EURUSD broke below 1.0505 support, indicating that the downtrend from 1.1299 has resumed. Further decline to test 1.0462 (Mar 13, 2015 low) support could be expected in a couple of days. Resistance is at 1.0669, only break...
The USD/JPY pair rallied slightly during the day on Tuesday, as the 115 level offered a little bit of support. This is a market that has been extraordinarily bullish as of late, so I think it’s only...
