GBP/USD is looking to test some important support levels and break below that will start shifting the long term trend into downward direction. Currently the first strong support is around an important and strong 1.5800 level and once the GBP/USD manages to break below that level, the next level it will look to test will [...] Read more »

USD/CHF seems to test the support around an important level around 0.9000 and once it manages to break below 0.9000 level, it will look to open up into an extended downward trend and will test 0.8900 level next. The traders will look to sell USD/CHF around 0.9125 level and in case the retracement is extended [...] Read more »

USD/CHF is looking to complete its retracement before heading back into the downward long term retracement. The traders will look to sell USD/CHF on some reasonable retracement levels and one such level can be seen around 0.9070 level but this level is more favorable for aggressive and short term trades as long term traders will [...] Read more »

GBP/USD is looking to break into an extended upward trend and currently testing an important resistance around 1.6000 level and once GBP/USD manages to break above that level, it will look to test 1.6100 level. Mostly traders will be looking to buy GBP/USD on retracement dips towards 1.5910 level and in case the retracement dip [...] Read more »

EUR/USD is looking to break into an upward trend and currently it is looking to test 1.3355 level  and once EUR/USD manages to break above that level, it will look to test 1.3490 level. Mostly traders will be looking to buy EUR/USD on retracement dips to 1.3190 level and in case the retracement dip is [...] Read more »

GBP/USD is looking to break into a downward trend and is currently testing an important level around 1.5625 and once it manages to break that level, then it will next look to target 1.5540 level and further breaks below that level will also come into picture. Traders might look to sell GBP/USD on rise to [...] Read more »

EUR/USD is looking to test long term support levels and once it is successful in doing so, we might see an extended dip and start of long term downward trend. The intra-day and short term traders might find several opportunities to trade EUR/USD in both directions in current situation as EUR/USD might stay in sideways [...] Read more »

USD/JPY really has gone over bought and will be looking to take an extended retrace and long term traders might be looking to hold out their positions a bit more and will look to buy USD/JPY around 79.50 level. Although there is another retracement level around 81.00 that can be seen but once USD/JPY started [...] Read more »

EUR/USD seems to be taking some breather in its long term upward trend after being over bought and now traders are closing trades mostly to cash on the trades they made in the long term trend. Currently the traders will now look to buy EUR/USD  around the level where they will assume it will complete [...] Read more »

GBP/USD is moving in a nice upward long term trend and has managed to break above 1.5800 level and seems all set to touch 1.6000 level. Once it manages to break above 1.6000 level, we might see an GBP/USD staying above that level for some time and initially it will target something around 1.6100 level. [...] Read more »