After breaking below 1.0590 previous low, USDCHF rebounds sharply from 1.0562, suggesting that the pair is back to range trading between 1.0562 and 1.1021. Further rise to re-test 1.1021 is possible next week. However, the price action...
USDJPY breaks above the resistance of the upper border of the falling price channel, suggesting that the downtrend from 101.43 has completed at 91.73 level already. Further rise to 99.00-100.00 area is expected next week and range...
No changed in our view, AUDUSD remains in uptrend from 0.6248. Further rise to 0.8500 zone to reach the next cycle top on daily chart is possible next week. Key support is now at 0.8124, a break...
GBPUSD is forming a cycle top at 1.7042 level on daily chart, key support is at 1.6339, a break below this level will confirm the cycle top, then deeper decline could be seen to 1.5900-1.6000 area. Long...
Being contained by the upper border of price channel on daily chart, EURUSD pulls back from 1.4447 level. Now the rise from 1.3748 is more likely a part of consolidation started from 1.4338. Further fall is in...
USDCHF breaks below 1.0590 previous low, suggesting that the downtrend from 1.1963 has resumed. Deeper decline to test 1.0366 (Dec 2008 low) support is possible in next several days. Key resistance is now at 1.1021, only rise...
EURUSD breaks above 1.4338 previous high resistance, suggesting that the uptrend from 1.2456 has resumed. Further rally is now in favor and target would be at 1.4700 zone. Key support is now at 1.4007, only fall below...
USDCAD breaks below 1.0784 previous low. Deeper decline is still in favor and next target would be at 1.0400-1.0500 area. Near term resistance is at 1.0950, and key resistance is at 1.1113, only rise above this level...
USDCHF stays in the trading range between 1.0590 and 1.1021. One more rise above 1.1021 resistance would more likely be seen. However, below 1.0590 will indicate that the downtrend from 1.1963 has resumed, then deeper decline could...
USDJPY is moving to the upper border of the falling price channel on daily chart. As the next cycle top is nearing, pullback would more likely be seen before breaking above the top of the price channel....
