EURUSD moved sideways in a range between 1.3969 and 1.4696 for several weeks. Lengthier consolidation in the range is still possible next week. The price action in the range would possibly be consolidation of downtrend from 1.4939,...
USDCAD broke below 0.9669 key support, and reached as low as 0.9580, suggesting that a cycle top had been form at 0.9912 on daily chart, and the rise from 0.9444 had completed. Deeper decline towards 0.9444 previous...
USDCHF is facing the resistance of the downtrend line from 0.9774 to 0.9339, as long as the trend line resistance holds, the price action from 0.8326 could be treated as consolidation of downtrend, and another fall towards...
USDJPY traded in a range between 79.58 and 82.22 for several weeks. The price action in the range is treated as consolidation of downtrend from 85.51. Another fall to 78.00 would likely be seen after consolidation, and...
AUDUSD bounce strongly from 1.0390 and reached as high as 1.0789, suggesting that a cycle bottom had been formed. Now the rise would possibly be resumption of long term uptrend from 0.8066 (2010 low), further rise to...
GBPUSD’s downward movement from 1.6546 extended to as low as 1.5912. Deeper decline is still possible next week, and next target would be at 1.5700-1.5800 area. Resistance is at 1.6265, as long as this level holds, downtrend...
EURUSD stayed in a trading range between 1.3969 and 1.4696 for several weeks. The sideways movement could be expected to continue in a couple of weeks. Another fall towards 1.3500 would more likely be seen after consolidation,...
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USDCAD remains in uptrend from 0.9669. Further rise is still possible in a couple of weeks and next target would be at 1.0000 area. Support is at 0.9669, only break below this level could indicate that the...
USDCHF continued its downward move from 0.9774, and the fall extended to as low as 0.8318. Further fall could be expected in a couple of weeks, the next target would be at 0.8000 area. Resistance remains at...
