AUDUSD’s bounce from 0.7542 extended to as high as 0.7632. However, the bounce is likely correction of the downtrend from 0.7740. Resistance is now at 0.7650, as long as the pair stays below this level, then downtrend...
GBPUSD continued its downward movement from 1.2569 and the fall extended to as low as 1.2169. Near term resistance is at the descend price channel on 4-hours chart. As long as the pair stays in the channel,...
EURUSD stays in the descend price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. Another fall to test 1.0493 support could be expected in a couple of days, a breakdown below this...
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AUDUSD recently broke below its ascending channel support around the .7650 minor psychological mark and dipped to .7550. Price seems to be showing signs of pulling back and applying the Fib tool on the latest swing high...
USD/JPY daily chart, March 07, 2017 The USD/JPY pair gapped lower at the open on Monday, but it still sees plenty of support underneath. If we can break above the 115 handle, the market should then reach...
USD/CAD daily chart, March 07, 2017 The USD/CAD pair initially rallied on Monday, but just as we saw on Friday, the sellers came in and pushed the market back below the 1.34 handle. By breaking down below...
GBP/USD daily chart, March 07, 2017 The GBP/USD pair initially tried to rally during the day on Monday but turned around to fall towards the 1.2250 level again. This is an area where we have found support,...
EUR/USD daily chart, March 07, 2017 The EUR/USD pair tried to rally, but the 50-day exponential moving average has again offered too much resistance for the buyers to continue pushing. Because of this, I believe that the...
AUD/USD daily chart, March 07, 2017 The AUD/USD pair fell a bit during the day on Monday, but found enough support at the 50-day exponential moving average to turn things around and bounce a bit. I believe...
