USDCHF remains in downtrend from 0.9971, the price action in the range between 0.9214 and 0.9437 is treated as consolidation of the downtrend. As long as 0.9437 resistance holds, the downtrend could be expected to resume, and...
Being contained by 80.61 resistance, USDJPY pulls back from 80.37, suggesting that a cycle top is being formed on daily chart. Range trading between 79.00 and 80.61 would likely be seen next week.
AUDUSD has formed a cycle bottom at 1.0149 on daily chart. Further rise could be expected next week, and the target would be at 1.0500-1.0600 area. However, the price action from 1.0612 is treated as consolidation of...
GBPUSD’s fall from 1.6309 extends to as low as 1.5913. Key resistance is now at 1.6180, as long as this level holds, deeper decline is still possible and the target would be at 1.5800 area.
EURUSD traded in a range between 1.2803 and 1.3171 for several weeks. The price action in the range is likely consolidation of the uptrend from 1.2042. Support is at 1.2803, the uptrend could be expected to resume...
USDCAD breaks above 0.9884 resistance, and reaches as high as 0.9938. Further rise could likely be seen in a couple of weeks, and next target would be at 1.0000 area. Key support is at 0.9735, only break...
USDCHF breaks below 0.9239 support, and reaches as low as 0.9214. However, lengthier consolidation of the downtrend from 0.9971 would likely be seen in a couple of weeks, and one more rise to 0.9400 area to complete...
USDJPY breaks above the downward trend line on daily chart, suggesting that the downward movement from 84.17 had completed at 77.14 already. Further rally could be expected next week, and next target would be at 80.00 area.
After touching 1.0167 support, AUDUSD rebounded from 1.0149, suggesting that a cycle bottom has been formed on daily chart. Further rise would likely be seen next week, and the target would be at 1.0450 area.
GBPUSD remains in uptrend from 1.5268, the fall from 1.6309 is treated as consolidation of the uptrend. Lengthier consolidation of the uptrend could be expected, and deeper decline to1.5800-1.5900 area would likely be seen next week.
