AUDNZD has been moving sideways recently with higher lows and lower highs creating a symmetrical triangle pattern on its 1-hour time frame. Price has just bounced off support and could be due for a test of resistance...
USDCAD’s downside movement from 1.3793 extended to as low as 1.2061. Resistance is at the bearish trend line on the daily chart. As long as the price is below the trend, the downside movement could be expected...
USDJPY broke below 108.13 key support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 106.50, followed by 103.60. Key resistance is...
AUDUSD extended its bullish movement from 0.7328 to as high as 0.8124. Near term support is at the rising trend line on the daily chart, as long as the trend line support holds, the uptrend could be...
GBPUSD’s rebound from 1.2774 extended to as high as 1.3224, facing the 1.3267 resistance. Further rise would likely be seen and next target would be at the top trend line of the price channel on the daily...
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.2092. Near term support is at the bottom trend line of the price channel on the daily chart. As long as the...
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The USD/JPY pair broke down significantly during the day on Friday, but did bounce later in the session. Ultimately, I believe that the market continues to go much lower, and the breakdown below the 108.50 level is...
The USD/CAD pair rallied a bit during the day on Friday, as the recent move had to retract a bit. I believe that most of this is probably due to profit-taking before the weekend. That being the...
The GBP/USD pair rallied significantly during the day on Friday, reaching towards the 1.32 handle. The market looks likely to run into a bit of trouble near the 1.3250 level, so I think that it’s only a...
