EURAUD recently broke below its head and shoulders neckline to confirm that a downtrend is underway. Price is pulling up to this broken resistance for a retest, and holding as resistance could send the pair down to...
USDCAD remains in the downtrend from 1.2943, the bounce from 1.2544 could be treated as consolidation for the downtrend. Support is at 1.2544, a breakdown below this level could trigger another downside movement towards 1.2450 area. Near-term...
USDJPY failed to break above 107.90 resistance and pulled back from 107.78, suggesting that consolidation for the uptrend from 104.63 is underway. Range trading between 106.61 and 107.78 would likely be seen in a couple of days....
AUDUSD remains in the uptrend from 0.7642, the fall from 0.7809 could be treated as consolidation for the uptrend. As long as 0.7738 support holds, the uptrend could be expected to resume and a breakout of 0.7809...
GBPUSD extended its upside movement from 1.3965 to as high as 1.4354. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Key support is now at 1.4220, only a...
EURUSD is facing 1.2396 resistance, a breakout of this level would indicate that the upside movement from 1.2214 has resumed, then further rise towards 1.2476 resistance could be seen. Above this level would aim 1.2555 (Feb 16...
Rising Geopolitical Tension between U.S. and Russia The geopolitical tension between the United States and Russia escalated rapidly in the past two weeks. Two weeks ago, the U.S. Treasury Department announced fresh sanctions against Russian oligarchs and...
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2943. As long as the price is below the trend line, the downside movement could be expected to continue and...
USDJPY extended its upside movement from 104.63 to as high as 107.78, facing the resistance at 107.90. Range trading between 106.61 and 107.78 would likely be seen in a couple of days. As long as 106.61 support...
AUDUSD extended its upside movement from 0.7642 to as high as 0.7809. The key support is now at 0.7738, as long as this level holds, the upside movement could be expected to continue and next target would...
