USDCAD moved above 1.3534 resistance, indicating that the uptrend from 1.2968 has resumed. Further rise could be expected in a couple of weeks, and next target would be at 1.3800 area. Support is at 1.3500, only a...
USDJPY stays in a descending price channel on daily chart and remains in downtrend from 118.66. Resistance is at the top of the channel, as long as the pair is in the channel, the downtrend could be...
AUDUSD broke below 0.7472 support, indicating that the uptrend from 0.7158 had completed at 0.7749 already. Deeper decline could be expected over the next several weeks, and next target would be at 0.7300 area. Resistance is at...
GBPUSD is now in uptrend from 1.2109. Further rise could be expected over the next several weeks, and next target would be at 1.3500 area. Support is at 1.2600, only a break below this level will indicate...
EURUSD moved above the descending price channel on daily chart, indicating that the downward movement from 1.1616 (May 3, 2016 high) has completed at 1.0340 already. Further rise could be expected over the next several weeks and...
The USD/JPY pair rallied on Friday, but found a bit of resistance at the 50-day exponential moving average. Nonetheless, it looks as if we are trying to build up enough momentum to break above the 112 handle,...
The USD/CAD pair initially rally during the day on Friday, but found enough resistance at the 1.37 level to turn around and form a resistive looking candle. I believe that a market dropping from here will probably...
The GBP/USD pair initially fell on Friday but turned around and continue to show bullish pressure. This market has clearly broken out, and I believe that we will continue to go much higher. The 1.3450 level above...
The EUR/USD pair rallied initially on Friday, breaking above the 1.09 handle. We continue the consolidation that we have seen all week, and it now looks as if we are starting to roll over slightly. If we...
The AUD/USD pair initially fell on Friday but found enough support at the 50% Fibonacci retracement level to bounce a bit. If we can break above the 0.95 handle, the market should continue to go higher. Ultimately,...
