USDCAD breaks above the downward trend line on daily chart, suggesting that the downtrend from 1.0608 had competed at 1.0182 already. Further rise could be expected next week, and next target would be at 1.0650 area.
After touching the upper line of the price channel on daily chart, USDCHF pulled back from 0.9249, suggesting that the pair remains in downtrend from 0.9751. Further decline is possible next week, and next target would be...
USDJPY stays in a trading range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). Key support is located at 93.79, as long as...
AUDUSD’s downward movement from 0.9756 extends to as low as 0.9269. Resistance is now at 0.9545, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9000 area,...
GBPUSD remains in uptrend from 1.4813, the fall from 1.6259 is likely consolidation of the uptrend. Key support is now at 1.5854, as long as this level holds, the uptrend could be expected to resume, and one...
EURUSD remains in uptrend from 1.2747 (Apr 4 low), the price action from 1.3832 is likely consolidation of the uptrend. Another fall would likely be seen, and the target would be at the lower line of the...
USDCAD is testing the resistance of the downward trend line on daily chart, a clear break above the trend line resistance will indicate that the downtrend from 1.0608 had completed, then further rise to 1.1000 area could...
USDCHF is testing the resistance of the upper line of the price channel on daily chart. As long as the channel resistance holds, the rise from 0.8890 could be treated as consolidation of the downtrend from 0.9751,...
USDJPY is forming a sideways consolidation in the trading range between 93.79 and 103.73. As long as 93.79 key support holds, the uptrend from 75.57 (Oct 31, 2011 low) could be expected to resume, and one more...
AUDUSD is now in downtrend from 0.9756, and the fall extends to as low as 0.9352. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance is now at 0.9550, only...
