GBPUSD breaks above the upper border of the previous mentioned price channel, suggesting that a sharp move towards 1.6000-1.6500 area is underway. Near term support is at 1.5560, as long as this level holds, the uptrend from...
EURUSD breaks above 1.3738 resistance, suggesting that the uptrend from 1.2884 has resumed. Further rally could be seen to 1.4150-1.4200 area. Near term support is at the rising trend line on daily chart now at 1.3500, key...
AUDUSD breaks above 0.7709 previous high, suggesting that the pair remains in uptrend from 0.6284. Further rally is possible to 0.8000 zone after consolidation. Near term support is now at 0.7449 followed by the rising trend line...
GBPUSD is testing the resistance of the upper border of the price channel on daily chart, a clear break above the channel resistance will signal a sharp move towards 1.6000-1.6500 area. Near term support is at 1.5060...
Being supported by 1.1464 previous low, USDCAD rebounds from 1.1474 level. Further rise towards the falling trend line on daily chart is possible next week. However, the rebound is more likely consolidation of the downtrend from 1.3063....
USDCHF rebounds sharply from 1.0977, suggesting that a cycle bottom is being formed on daily chart. Consolidation in a range between 1.0977 and 1.1450 is possible in a couple of weeks. Key support is now at 1.0977,...
USDJPY breaks below 95.62 support. Deeper decline is expected to test 93.53 medium term key support, a break below this level will indicate that a cycle top has been formed at 101.43 level on weekly chart, and...
AUDUSD might be forming a cycle top at 0.7709 level on daily chart. Pullback to test the support of the rising trend line is possible next week. However, the fall from 0.7709 is treated as consolidation of...
After touching the upper border of the rising price channel on daily chart, GBPUSD pulls back from 1.5352. Consolidation below this level would more likely be seen next week and further pullback towards the lower border of...
Being contained by 1.3738 previous high resistance, EURUSD pulls back from 1.3721, suggesting that a short term cycle top is being formed. Consolidation below 1.3738 level is expected in a couple of week and the pullback could...
