USDCHF is testing 0.9130 support, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then further decline towards 0.8500 could be seen. Key resistance is at 0.9400, only break above this level...
USDJPY broke above the upper line of the price channel on daily chart, suggesting that the fall from 101.53 had completed.
AUDUSD stays in a trading range between 0.8847 and 0.9344. As long as 0.9344 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0582, one more fall to 0.8500...
GBPUSD’s upward movement from 1.4813 extended to as high as 1.5717. Support remains at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and...
EURUSD broke above 1.3415 resistance, suggesting that the uptrend from 1.2747 has resumed. Further rise could be expected next week, and next target would be at 1.3600 area.
There is a saying in the trading world that if you are trading without a stop loss and without having a proper risk/reward ratio you are doomed to failure. From my point of view this holds true...
USDCAD remains in downtrend from 1.0608, the rise from 1.0245 is likely consolidation of the downtrend. Deeper decline to 1.0150 area is still possible after consolidation. Resistance is at 1.0445, only break above this level could trigger...
Being contained by 0.9130 support, USDCHF rebounded from 0.9174. However, another fall to re-test 0.9130 support would likely be seen over the next several days, a breakdown below this level will signal resumption of the downtrend from...
USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 101.53. Further decline to test 93.79 key support is still possible, as long as this level holds, the price action from 103.73...
AUDUSD is in consolidation of the downtrend from 1.0582. Range trading between 0.8847 and 0.9344 would likely be seen over the next several days. Key resistance is at 0.9344, as long as this level holds, the downtrend...
