After consolidation, USDCAD broke below 1.3387 major support and continued its bearish movement from 1.3793. Further decline could be expected over the next several days and next target would be at around 1.3200. Near term resistance is...
USDJPY remains in uptrend from 109.11, the pullback from 110.81 is likely correction of the uptrend. Another rise to test 110.81 resistance is possible after the correction, a break of this level could bring price to the...
AUDUSD is facing 0.7566 resistance, a break of this level will signal resumption of the uptrend from 0.7371, this could trigger another rise towards 0.7650. Near term support is at 0.7500, and the key support is at...
GBPUSD remains in downtrend from 1.3047, the rise from 1.2634 could be treated as consolidation of the downtrend. Further decline could be expected after a minor consolidation and next target would be at around 1.2500. Resistance is...
EURUSD stays in a descending price channel on its 4-hour chart, indicating that the pair remains in the short term downtrend from 1.1285. As long as the pair is in the channel, the downtrend could be expected...
In June 2015, we mentioned that Nifty-NSE from India was in a warning area for the bulls and a larger correction was expected to take place. Over the next 12 months, Nifty lost 25% dropping from a...
The pound sterling was headed for the biggest drop in a year after it emerged that the ruling Conservative Party has fallen short of a general majority after UK Election (GE 2017), just 10 days before the...
Under pressure by the resistance of the April 17 high of 1295.44, XAUUSD pulled back to 1265 and broke below the bullish trend line from the May 9 low of 1214.17 to the June 2 low of...
Guppy sold off sharply upon testing the channel resistance on its 4-hour time frame and is now hovering around support. A bearish flag pattern can be seen so a continuation of the move could lead to a...
USDCAD failed to break above 1.3540 resistance and stays in the trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
