The EUR/USD pair broke down a bit during the trading session on Tuesday, reaching down towards the 1.2325 level, and more importantly, the 1.23 level. This is an area that has been short-term support, and could cause...
The Australian dollar has rolled over during the trading session on Tuesday, showing signs of weakness yet again. Pay attention to the gold markets, because they of course will have influence on what’s going on here, and...
EURUSD appears to be pulling back from its latest rally as price could correct to the ascending trend line or Fib levels on the daily time frame. The 50% retracement level is closest to the trend line...
USDCAD is testing 1.2590 resistance. A breakout of this level would confirm that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750 area could be seen. Near term support is at 1.2485,...
USDJPY continued its sideways movement in a trading range between 108.28 and 110.48. As long as 110.48 resistance holds, the sideways movement could be treated as consolidation of the downtrend and a breakdown below 108.28 support could...
AUDUSD extended its downside movement from 0.8135 to as low as 0.7810. As long as the price is in the falling price channel on the 4-hour chart, the downtrend could be expected to continue and next target...
GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3836 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3650 area. Resistance is at 1.4080,...
EURUSD broke below 1.2335 support, suggesting that lengthier consolidation for the uptrend from 1.1554 (Nov 7, 2017 low) is underway. As long as the price is below the falling trend line on the 4-hour chart, the downside...
USDCAD is facing 1.2590 resistance. A breakout of this level would suggest that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750 area could be seen. Near term support is at 1.2430,...
USDJPY failed to break below 108.28 support and stayed in the trading range between 108.28 and 110.48. The price action in the trading range could be treated as consolidation of the downtrend from 113.75, and another fall...
