USDCHF broke above 0.8240 resistance and reached as high as 0.8863, suggesting that the uptrend from 0.7067 has resumed. Further rise could be seen after a minor consolidation, and next target would be at 0.9500 area.
No changed in our view, USDJPY remains in downtrend from 85.51, and the price action from 76.29 is treated as consolidation of downtrend. One more rise is expected next week, and target would be at 79.00 zone....
AUDUSD has formed a cycle top at 1.0764 on daily chart. Deeper decline towards 0.9927 previous low is expected in a couple of weeks. Resistance is at 1.0764, only break above this level could trigger another rise...
GBPUSD is facing 1.5781 key support, a breakdown below this level will indicate that the long term uptrend from 1.4230 (2010 low) had completed at 1.6745 already, then the following downward move could bring price to 1.4500...
EURUSD broke below 1.3837 support and reached as low as 1.3627, suggesting that the downtrend from 1.4939 has resumed. Further fall could be expected in a couple of weeks, and next target would be at 1.3300 area....
USDCAD’s fall from 1.0009 is likely consolidation of uptrend from 0.9406. Another fall towards 0.9600 to reach next cycle bottom on daily chart is still possible. Key resistance is at 1.0009, only break above this level could...
USDCHF has formed a cycle top at 0.8240 on daily chart. The fall from 0.8240 is treated as consolidation of uptrend from 0.7067. Range trading between 0.7400 and 0.8240 would likely be seen in a couple of...
USDJPY remains in downtrend from 85.51, the price action from 76.29 is likely consolidation of downtrend. Another rise is expected next week, and target would be at 79.00 zone. Key support is at 75.96, only break below...
AUDUSD remains in uptrend from 0.9927. Further rise is still possible next week, and next target would be at 1.0900 area. Key support is at 1.0490, only break below this level will indicate that a cycle top...
GBPUSD formed a cycle top at 1.6617 on daily chart. The fall from 1.6617 is now treated as resumption of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at...
