USDJPY stays in a trading range between 75.96 and 77.85 for several weeks. As long as 77.85 resistance holds, the price action in the range is treated as consolidation of downtrend from 85.51, and another fall towards...
AUDUSD broke above 0.9984 resistance, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0764 had completed. Further rise could be seen after consolidation, and next target would be at 1.0700...
GBPUSD broke above 1.5715 resistance, suggesting that a cycle bottom has been formed on daily chart, and the fall from 1.6617 has completed. Further rise is expected after consolidation and next target would be at 1.6100 zone....
EURUSD broke above the downtrend line on daily chart, and reached as high as 1.3894, suggesting that the fall from 1.4548 had completed at 1.3146 already. Further rise is still possible after consolidation, and next target would...
USDCAD has formed a cycle top at 1.0656 on daily chart. Consolidation of uptrend from 0.9406 could be seen in a couple of weeks, and the trading range would be between 1.0200 and 1.0656. Key resistance is...
USDCHF continued its upward movement from 0.7067, and the rise extended to as high as 0.9314. Further rise is still possible next week, and next target would be at 0.9500 area. Support remains at the uptrend line...
USDJPY moved sideways in a narrow range between 75.96 and 77.85 for several weeks. Key resistance is at 77.85, as long as this level holds, the price action in the range is treated as consolidation of downtrend...
AUDUSD remains in downtrend from 1.0764 and the fall extended to as low as 0.9390. Key resistance is now at 0.9984, as long as this level holds, downtrend could be expected to resume, and another fall towards...
GBPUSD is in downtrend from 1.6617, the price action started from 1.5327 is treated as consolidation of downtrend. Initial resistance is at 1.5715, as long as this level hoods, we’d expect downtrend to resume in early part...
EURUSD’s downward movement from 1.4548 extended to as low as 1.3146, the subsequent bounce is likely consolidation of downtrend. Further fall is expected next week, and next target would be at 1.3000 zone. Resistance is at 1.3700,...
