AUDUSD: Bearish, Weakens.

AUDUSD: With AUDUSD seen reversing its recovery attempts on Thursday, there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 […]

EURUSD remains in downtrend from 1.3242, the price action from 1.2796 is treated as consolidation of the downtrend. Range trading between 1.2796 and 1.2998 would likely be seen in a couple of days. Key resistance […]

EURUSD’s rise from 1.2796 extends to as high as 1.2938. However, the rise is likely consolidation of the downtrend from 1.3242. Resistance is located at the upper line of the downward price channel on 4-hour […]

During yesterday’s trading session EUR/USD formed a Daily white. For the past 10 Daily candlestick bars there are 5 white candles versus 5 black candles and for the past 50 Daily candlestick bars there are 28 […]

Euro Dollar / US Dollar appears to be locked in a trading range bounded by upside resistance and downside support.  The most recently confirmed upside resistance level for Euro Dollar / US Dollar is around 1.32.  […]

Being contained by 1.0341 resistance, USDCAD pulls back from 1.0312. However, the fall is likely consolidation of the uptrend from 1.0013, one more rise to re-test 1.0341 resistance is possible, a break above this […]

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USDCAD broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 1.0341 (Mar 1 high) had completed at 1.0013 already. Further rise to test 1.0341 resistance would […]