GBPUSD Moved Below Major Trend Line
GBPUSD Broke below a major bullish trend line from 1.2109 to 1.2589 on its daily chart. Further decline would likely be ween over the next several days. On the downside The GBPUSD pair stays in a bearish...
Category: Special Focus
EURJPY Bounce Off Channel Support
EURJPY rebounded from 127.56 after touching the bottom support trend line of the price channel on the daily chart, suggesting that the pair remains in the uptrend from 114.85. As long as the price is in the...
EURUSD Remains In Uptrend From 1.0569
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of...
AUDUSD Rebounded From Trend Line Support
AUDUSD rebounded strongly to 0.7960 area after approaching the bullish trend line on its daily chart, suggesting that the pair remains in the uptrend from 0.7328 and the pullback from 0.8065 could be treated as consolidation of...
USDCAD Broke Above Bearish Trend Line
After breaking below the May 2016 low of 1.2460 support, USDCAD rebounded strongly from 1.2413 and moved above the bearish trend line on its daily chart. However, the bounce from 1.2413 would possibly be consolidation of the...
GBPUSD Is Facing Major Support Trend Line
GBPUSD pulled back from the August 3 high of 1.3267 and dropped sharply to 1.2845 area after failing in its attempt to break above 1.3444 resistance. On the upside The GBPUSD pair is now facing the support...
Gold Price Is Facing 1300 Resistance Again
After a minor consolidation, XAUUSD moved above 1274.08 resistance and extended its upside movement from 1204.77 to as high as 1292.05, facing the important psychological level at 1300 once again. On the upside The gold price stays...
USDCHF Failed To Break Channel Resistance
USDCHF pulled back from 0.9772 to as low as 0.9611 after approaching the top resistance trend line of the price channel on its daily chart, indicating that the pair remains in the downtrend from the December 2012...
EURJPY Dropped Sharply to 128.70
EURJPY dropped sharply to as low as 128.70 after breaking below a major support trend line at 130.35 on its 4-hour chart. Further decline is still possible in a couple of days. On the downside, the pair...
USDCNH Extended Its Bearish Move To 6.7006
USDCNH extended its bearish movement from 6.9867 to as low as 6.7006, breaking below the bottom support trend of the price channel at 6.7740 on its weekly chart, suggesting that the long term uptrend from the January...