USDJPY is facing the resistance of the descending price channel on 4-hour chart, a clear break out of the channel resistance will indicate that the fall from 114.36 had completed at 110.23 already, then the following rally...
AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated...
GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from...
After consolidation, EURUSD continued its bullish movement from 1.0839 and the rise extended to as high as 1.1211. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above...
Trend lines are a useful visual tool for Forex traders. They provide a pictorial representation of which direction a currency pair is moving in, so that a trader can determine whether it is a good time to...
Under pressure by the top of the price channel on daily chart, USDCAD pulled back from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected in a couple of weeks and...
USDJPY is now in uptrend from 108.13, the fall from 114.36 is treated as correction of the uptrend. Another rise could be expected after the correction and next target would be at 117.50 area. Support levels are...
AUDUSD is facing the resistance of the descending trend line on daily chart. A clear break above the trend line will indicate that the bearish movement from 0.7749 had completed at 0.7328 already, then further rally to...
GBPUSD stays above the ascending trend line on daily chart, suggesting that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the upward movement could be expected to continue, and next...
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1211. Support is at the ascending trend line on daily chart. As long as the pair is above the trend line, the...
