AUDUSD’s fall from 1.0624 extends to as low as 1.0151. Deeper decline is still possible next week, and the target would be at 1.0000-1.0050 area. However the price action from 1.0512 is likely consolidation of the uptrend...
GBPUSD may be forming a cycle bottom at 1.6066 on daily chart. Further rise to test 1.6309 resistance would likely be seen next week, a break above this level could signal resumption of the uptrend from 1.5393,...
EURUSD may be forming a cycle bottom at 1.2803 on daily chart. Range trading between 1.2803 and 1.3171 would likely be seen next week. Support is now at 1.2803, as long as this level holds, the price...
USDCAD is in consolidation of the downtrend from 1.0445. Range trading between 0.9632 and 0.9900 would likely be seen in a couple of weeks. Resistance is at 0.9900, as long as this level holds, we’d expect downtrend...
USDCHF remains in downtrend from 0.9971, the rise from 0.9239 is treated as consolidation of the downtrend. Range trading between 0.9239 and 0.9500 would likely be seen over the next several days. Resistance is at 0.9500, as...
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17, and the price action from 77.66 is treated as consolidation of the downtrend, further decline towards 76.00 is still possible after...
AUDUSD has formed a cycle top at 1.0624 on daily chart. Further decline would likely be seen next week, and the target would be at 1.0200 area. However, the price action from 1.0612 is treated as consolidation...
After touching 1.6301 resistance, GBPUSD pulled back from 1.6309, suggesting that consolidation of the uptrend from 1.5393 is underway. Range trading between 1.6100 and 1.6309 would likely be seen in a couple of weeks. Support is at...
EURUSD has formed a cycle top at 1.3171 on daily chart. Range trading between 1.2750 and 1.3171 would likely be seen in a couple of weeks. Support is at 1.2750, as long as this level holds, the...
The USD/CAD pair fell during the session on Thursday, in order to retest the 0.98 level for support. So far, it has found it but it should be suggested that the overall trend is certainly to the...
