Internet based trading has taken a new turn by emerging as one of the most lucrative business ideas currently on offer in the market. This is due to the fact that the internet is centralized and as...
USDCAD is facing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that a cycle top has been formed at 1.0055, and the upward movement from...
USDCHF had formed a cycle top at 0.9511 on daily chart. Further decline could be expected next week, and next target would be at 0.9100-0.9150 area. Resistance is at 0.9400, only break above this level could trigger...
USDJPY’s upward movement from 77.14 extends to as high as 82.83. Further rise would likely be seen next week, and next target would be at 84.00 area. Initial support is at 81.50, and the key support is...
Being contained by the support of the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 1.0287, suggesting that a cycle bottom has been formed on daily chart.
GBPUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.6309, the bounce from 1.5827 would possibly be consolidation of the downtrend.
EURUSD bounces strongly from 1.2661, suggesting that a cycle bottom has been formed on daily chart. Further rise could be expected next week, and next target would be at 1.3100-1.3150 area. Support is at 1.2800, only break...
USDCAD stays in a upward price channel on daily chart, and remains in uptrend from 0.9632. Further rise is still possible, and next target would be at 1.0100-1.0150 area. Support is located at the lower line of...
USDCHF’s upward movement from 0.9214 extends to as high as 0.9511. Further rise is still possible and next target would be at 0.9650 area. However, the price action from 0.9239 is likely consolidation of the downtrend from...
USDJPY breaks above 80.67 resistance, and continues its upward movement from 77.14, and the rise extends to as high as 81.45. Further rise could be expected after consolidation, and next target would be at 83.00 area.
