GBPUSD Analysis. No changed in our view, GBPUSD remains in downward trend from 1.6741 and the rebound from 1.5770 is treated as consolidation of downtrend. Range trading between 1.5770 and 1.6150 is expected in a couple of...
USDJPY Analysis. USDJPY rebounded sharply from 88.24, suggesting that a short term cycle bottom has been formed on 4-hour chart. Range trading between 88.24 and 90.60 is expected in a couple of days. As long as 90.60...
EURUSD Analysis. EURUSD has formed a short term cycle top at 1.4843 level on 4-hour chart. Further decline to 1.4500 zone would more likely be seen later today. Near term resistance is at 1.4724, as long as...
A Lesson in Drawing and Using Trendlines By Jeffrey Kennedy Jeffrey Kennedy shares how when he began his career as an analyst, he was lucky enough to have some time with a few old pros. One in...
EURUSD Analysis. EURUSD broke below the rising trend line on 4-hour chart and is testing 1.4611 support, a break below this level will indicate that the uptrend from 1.4177 has completed at 1.4843 level already, then the...
Today more and more investors are warming to the fact that psychology moves markets and therefore fundamental analysis, which fails to properly measure mass investor psychology, must be flawed. Who can blame them? After all, fundamental analysis...
USDJPY Analysis. Being contained by 90.12 precious low support, USDJPY rebounded from 90.48 level. Further rise to test 92.53 resistance would more likely be seen later today, a break above this level will confirm that the fall...
EURUSD Analysis. EURUSD breaks above 1.4765 previous high and reaches as high as 1.4841 level. As long as the price stays above the rising trend line on 4-hour chart, we’d expect uptrend to continue and further rally...
USDCAD Analysis. As expected, USDCAD reached 1.0850 level. Now the pullback from 1.0852 could possibly be resumption of downtrend. Deeper decline is in favor and target is to re-test 1.0590 previous low support, a break below this...
USDJPY Analysis. USDJPY is testing 91.62 key resistance, a break above this level will indicate that a short term cycle bottom has been formed at 91.12 level on 4-hour chart and indicate that the downtrend from 97.89...
