On expected lines... pull-back from intermediate resistance and then resumes up-trend from resistance turned support. EURUSD seems all set to eventually rise towards its next major resistance near 1.1400 mark.

EURUSD

EURUSD reversing from an intermediate resistance. Should it drop back below 1.1100 level support, marking the lower trend-line of an ascending channel formation on 1-hourly chart, yesterday's break-out would turn out to be a fake-out and the pair ...

EURUSD

USDJPY making repeated failed attempts to conquer 125.00 mark. A clear break through seems to immediately shoot the pair towards 125.70-80 resistance with near-term upward upward trajectory expected to continue towards 127.00 mark on a sustained ...

USD/JPY Discussion

EURUSD on the very of a break-out from the descending trend-channel. Should the pair manage to sustain its strength above this short-term descending channel, it could possibly open room for extension of the near-term up-move initially towards an ...

EURUSD

EURUSD maintains its move within a short-term descending trend-channel, with upper trend-line resistance near 1.1020-30 area. From current levels a drop below 1.0930 to force the pair back towards NFP day low support near 1.0860-50 area, which if ...

EURUSD

EURGBP continues facing resistance marked by a descending trend-line. But the larger picture suggest a possible bullish Falling Wedge chart pattern, which is confirmed once the pair clears this resistance. Above the descending trend-line resistance, ...

EUR/GBP - What a great pair to trade!

Thanks Dimi... Movement within the channel seems erratic, but the near-term trend clearly seems on the upside. Looking for an upside target range till 0.9790-0.9800 mark.

USD/CHF

Consolidation phase for GBPJPY is over and seems all set to extend its upward trajectory back above 195.00 mark, towards 195.50 resistance zone. Watch the pair gaining momentum towards 198.40-50 level in the near-term, once decisively conquers ...

Dragon Riders GBP/JPY

Reversal from current level for USDJPY could extend for 100 pips, otherwise it clearly seems to aim towards 125.00 psychological mark. Would also add on to long position once it decisively clears 125.00 mark for further up-move towards 126.30-50 ...

USD/JPY Discussion

Now it seems difficult for AUDJPY to move back above 91.00 mark. Could drop back towards testing 89.00 important support region.

AUD/JPY

EURAUD reversing from the upper trend-line resistance of an ascending trend-channel formation on daily chart. Need to see if hold 1.5050 immediate support, which if broken open room for an immediate 100 pips corrective move towards 1.4950 horizontal ...

EUR/AUD

Although the up-trend for USDCHF remains intact, but it would be prudent to wait for a clear strength above 0.9650 horizontal resistance for confirmation of an immediate up-move towards 0.9750 resistance area, marking the upper trend-line resistance ...

USD/CHF

Bang-on, AUDUSD drops below 0.7300 mark and now seems to extend the weakening trend towards sub-0.7200 mark. Now seems unlikely to register any pull-back beyond 0.7350 level.

AUD/USD

can it be the other way round...??? Everybody will try to take contrarian positions and the pair continues drifting lower...

EURUSD

Of-course 1.0900 round figure mark is acting as support for EURUSD but major support lies near 1.0870-60. A decisive break below 1.0870-60 support would confirm a major break-down for EURUSD, which could drag it even below March 2015 lows towards ...

EURUSD

So a surprise rate cut from BOC turns out to be the required trigger to lift USDCAD to its highest level since March 2009. Time to take profits off the table... Cheers...

USD/CAD

Behaving exactly as was anticipated. Need to see if it sustains above 128.00 mark to continue adding long positions for near-term upside momentum till 1.3000 mark.

USD/CAD

AUDJPY break below a short-term ascending trend-channel formation on 1-hourly chart. Seems to immediately test 91.50 horizontal support.

AUD/JPY

On a sustained trade above 193.50, GBPJPY seems to aim towards retesting 195.40-50 resistance area, which if conquered paves way for continuing the upward trajectory towards its next major resistance near 198.40-50 area.

Dragon Riders GBP/JPY

USDJPY seems all set to continue its immediate upward trajectory towards 124.40 with eventual upside target of 125.00 mark.

USD/JPY Discussion