GBPUSD broke above 1.2814 resistance, suggesting that the downside movement from 1.3298 had completed at 1.2396 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.3100 area. Near...
EURUSD broke above 1.1500 resistance, suggesting that lengthier consolidation for the downtrend from 1.2555 (Feb 16, 2018 high) is underway. Further rally is still possible in a couple of weeks and the target would be at upper...
In the past, traders of the world were only able to deal in fiat currencies. These are currencies that are standardized and regulated by central banks. Fiat currencies have formed the basis of the Forex market. However,...
The investment of the accountable participants of the options and futures markets for AUDUSD decreased by 22%. Total cash investment in AUDUSD in cash equivalent amounted to $ 18 billion 483 million. The net preponderance of bears...
USDCAD is in consolidation for the downtrend from 1.3664. Range trading between 1.3179 and 1.3322 would likely be seen in a couple of days. As long as 1.3322 resistance holds, the downtrend could be expected to resume...
USDJPY is now in the short term downtrend from 109.08. Further decline could be expected after correction and next target would be at 106.50 area. Key resistance is at 109.08, a break of this level could trigger...
AUDUSD continued its upside movement from 0.6765 and the rise extended to as high as 0.7204. Further rise is still possible after a minor consolidation and next target would be at 0.7300 area. Near term support is...
GBPUSD moved sideways below the key resistance at 1.2814. A break of this level could trigger further upside movement towards 1.2900. Near term support is at 1.2705, below this level could bring the price back to 1.2550...
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1303. As long as the trend line support holds, the pullback from 1.1570 could be treated as consolidation for the...
GBPNZD Technical Analysis January 8/2019 Bullish market patterns can be seen on the GBPNZD 4 hour chart. In the chart below there are possible bullish patterns that can trigger BUYS if the market makes another move lower....
