Technical analysis can help you forecast the future directional movements of price by studying the historical data records of any asset of interest. Fundamentally, your primary objective is to attain a good understanding of their prior trading...
USDCAD is facing 0.9824 support, a breakdown below this level will signal resumption of the downtrend from 1.0055, then further decline towards 0.9500 could be seen. Resistance is now at 0.9970, only break above this level could...
USDCHF breaks above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9511 had completed at 0.9083 already. Further rise is possible, and the target would be at 0.9400-0.9500 area.
USDJPY remains in uptrend from 77.14, and the rise extends to as high as 88.40. support is now at 87.00, as long as this level holds, the uptrend could be expected to continue, and next target would...
AUDUSD has formed a cycle bottom at 1.0344 on daily chart. Further rise to test 1.0585 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.0149, then next target...
GBPUSD has formed a cycle top at 1.6339 on daily chart. Further decline could be seen over the next several days, and next target would be at 1.5900 area. Key resistance is at 1.6339, only break above...
EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the upward movement from 1.2661 has completed. Further decline would likely be seen, and the target would be at 1.2700-1.2800 area.
No changed in our view, USDCAD remains in downtrend from 1.0055, the rise from 0.9824 would possibly be correction of the downtrend. Key resistance is at 1.0055, as long as this level holds, the downtrend could be...
USDCHF stays within a downward price channel on daily chart, and remains in downtrend from 0.9511. Another fall could be expected after consolidation, and next target would be at 0.8900 area.
USDJPY’s upward movement from 77.14 extends to as high as 86.63. Further rise could be expected after consolidation, and next target would be at 88.00 area. Support is at 85.50 followed by 84.50, as long as these...
