After touching the upward trend line on daily chart, GBPUSD rebounded from 1.5894, suggesting that the pair remains in uptrend from 1.4813. Further rise would likely be seen, and next target would be at 1.6650 area.
After consolidation, EURUSD continues its upward movement from 1.2756, and the rise extends to as high as 1.3703. Further rise could be expected, and next target would be at 1.4000 area.
USDCAD remains in downtrend from 1.0568, the rise from 1.0182 is likely correction of the downtrend. Another fall towards 1.0000 would likely be seen after correction, and a breakdown below 1.0270 support could signal resumption of the...
USDCHF remains in downtrend from 0.9751, the rise from 0.8967 is treated as consolidation of the downtrend. Further rise to the upper line of the price channel to complete the consolidation would likely be seen over the...
USDJPY failed to break below 95.81 support, suggesting that lengthier sideways movement is underway. Key support is at 93.79, as long as this level holds, the price action from 103.73 is treated as consolidation of the uptrend...
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 0.8847, then fall from 0.9526 is treated as consolidation of the uptrend. As long as the channel support holds, another rise towards...
GBPUSD is facing the support of the upward trend line on daily chart, as long as the trend line support holds, the uptrend from 1.4813 could be expected to resume, and one more rise towards 1.6500 is...
EURUSD remains in uptrend from 1.2756, the fall from 1.3646 is treated as consolidation of the uptrend. Deeper decline to the lower line of the price channel to complete the consolidation would likely be seen over the...
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USDCAD’s rise from 1.0182 extended to as high as 1.0356. As long as 1.0380 resistance holds, the rise could be treated as consolidation of the downtrend from 1.0568, another fall towards 1.0000 is still possible.
