GBPUSD extended its upside movement from 1.3965 to as high as 1.4296, breaking above 1.4244 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.4350 area. The key support is...
EURUSD is facing 1.2300 support, a breakdown below this level would confirm that the short-term uptrend from 1.2214 had completed at 1.2396 already, then another fall towards 1.2150 could be seen. On the upside, as long as...
USDCAD extended its downside movement from 1.3124 to as low as 1.2544. Further decline is still possible in a couple of weeks and next target would be at the bottom support trend line of the price channel...
USDJPY is testing 107.90 resistance. Above this level would indicate that the downside movement from 114.73 had completed at 104.63 already, then further rally to 110.00 area could be seen. However, as long as 107.90 resistance holds,...
GBPUSD is facing 1.4345 resistance. A breakout of this level would indicate that the uptrend from 1.1946 (Oct 7, 2016 low) has resumed, then next target would be at 1.5000 area. Support levels are at 1.3950 and...
EURUSD stays in a trading range between 1.2154 and 1.2555. The key support is at 1.2154, as long as this level holds, the price action in the range could be treated as consolidation for the uptrend from...
AUDUSD is facing the resistance of the falling trend line on the daily chart. As long as the trend line resistance holds, the bounce from 0.7642 could be treated as consolidation for the downtrend from 0.8135 and...
There are many factors that influence the exchange rates of currencies on a daily basis. While most Forex traders rely on technical analysis to make their trading decisions, the truth is that combining technicals and fundamentals can...
EURUSD has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame. Price is approaching the peak of the formation so a breakout could be due soon. Note that the chart...
AUDUSD is trending lower on its 4-hour time frame and is currently on its way to the resistance. Applying the Fib retracement tool on the swing high and low shows that this lines up with the 50%...
