After touching the bottom of the price channel on daily chart, USDCAD rebounded back into the channel, indicating that the pair remains in uptrend from 1.2460 (May 3, 2016 low). Further rise could be expected over the...
USDJPY is in consolidation of the uptrend from 98.97 (Jun 24, 2016 low). Range trading between 110.00 and 118.66 would likely be seen over the next several weeks. As long as 110.00 support holds, the uptrend could...
AUDUSD is now in uptrend from 0.7158. Further rise could be expected over the next several weeks, and next target would be at 0.8000 area. Support is at 0.7300, only break below this level could trigger another...
GBPUSD failed to break below 1.1946 previous low support and stayed in the trading range between 1.1946 and 1.2774. Further rise to test 1.2774 resistance could be expected in a couple of weeks. As long as 1.2774...
EURUSD is in downtrend from 1.1616 (May 3, 2016 high), the rise from 1.0340 could be treated as consolidation of the downtrend. Further rise would likely be seen in a couple of weeks, and the target would...
The USD/JPY pair tried to rally, but the Friday markets all the 115 level to be a bit resistive. If we can break above the top of the shooting star from Thursday, the market then should go...
The USD/CAD pair had a positive session on Friday as we continue to grind to the upside. Now that we are broken above the uptrend line that previously had given way, it looks as if the market...
The GBP/USD pair initially fell during the session on Friday, but turned around to form a hammer. The hammer of course is a bullish sign, and it looks as if we’re going to reach towards the 1.25...
The EUR/USD pair initially fell on Friday, but found enough support near the 50-day exponential moving average to turn around and formed a hammer. There is a massive amount of resistance at the 1.0750 level, so I...
The AUD/USD pair went back and forth during the day on Friday, as we continue to see support at the 0.75 handle underneath. If we can break down below there, the market will go much lower but...
