Being contained by the upper border of the rising price channel on daily chart, EURUSD pulled back from 1.5062, suggesting that a cycle top is being formed. Further fall towards the bottom of the price channel is...
USDCAD remains in downtrend from 1.1723 and the rise from 1.0206 is more likely consolidation of downtrend. Range trading between 1.0206 and 1.0700 is expected. Another fall is still possible after consolidation and a break below 1.0206...
No changed in our view, USDCHF stays in the falling price channel and continues its downward trend from 1.1021. Deeper decline remains in favor and next target would be at 0.9800-0.9900 area. Resistance is now at 1.0230,...
USDJPY has formed a cycle bottom at 88.01 level on daily chart. Further rise is now in favor and next target would be at the upper border of the price channel on daily chart, a clear break...
AUDUSD has reached the upper border of the rising price channel on daily chart. Minor consolidation would more likely be seen in next several days. However, uptrend is expected to continue after consolidation and 0.9500 remains the...
GBPUSD broke above the falling trend line from 1.7042 to 1.6741 and is under pressure by 1.6741 resistance. Now the pair might be forming a cycle top at 1.6692 level on daily chart. Pullback to retest 1.5708...
EURUSD stays in a rising price channel on daily chart and remains in uptrend from 1.3748, and the rise has extended further to 1.5060 level. As long as the channel support holds, uptrend is expected to continue...
USDCAD remains in downtrend and the rebound from 1.0206 is treated as consolidation of downtrend. Range trading between 1.0206 and 1.0500 is expected. Another fall towards 1.0000 is still possible after consolidation and a breakdown below 1.0206...
USDCHF stays in the falling price channel and remains in downtrend. As long as the channel resistance holds, we’d expect downtrend to continue and deeper decline towards 1.0000 is possible in a couple of weeks. Critical resistance...
Being contained by 87.12 (Jan 21 low) long term critical support, USDJPY rebounded from 88.01 level and broke above the falling trend line from 97.78 to 92.53, suggesting that a cycle bottom has been formed on daily...
