USDCAD’s upward move extended to as high as 1.0300. However, the pair has lost its upward momentum, a breakdown below 1.0100 could signal resumption of downtrend from 1.0656, then another fall towards 0.9406 could be seen.
USDCHF is facing 0.9314 resistance, as long as this level holds, we’d expect downtrend to resume, and another fall towards 0.8000 would likely be seen. Only break above 0.9314 resistance could resume the uptrend from 0.7067, then...
USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Deeper decline towards 75.57 previous low would likely be seen in a couple of weeks, and uptrend could be expected to resume before breaking...
AUDUSD’s downtrend from 1.0751 extended to as low as 0.9963. Further fall could be expected next week, and next target would be at 0.9700. Resistance levels are at 1.0200 and 1.0300, as long as these levels holds,...
GBPUSD’s fall from 1.6164 extended to as low as 1.5691. Further fall is still possible next week, and next target would be at 1.5500 area. However, the fall is treated as correction of uptrend from 1.5272, one...
EURUSD continued its downward movement from 1.4246, and the fall extended to as low as 1.3421. Further fall is still possible next week, and next target would be at 1.3200-1.3300 area. Key resistance is now at 1.3750,...
USDCAD’s upward move extended to as high as 1.0265. Further rise is still possible in a couple of weeks, and target would be at 1.0400. Key support is at 1.0050, a breakdown below this level will indicate...
USDCHF’s upward movement from 0.8569 extended to as high as 0.9148. Further rise towards 0.9314 is still possible next week. However, the rise is treated as correction of downtrend from 0.9314, another fall towards 0.7800 would likely...
USDJPY’s fall from 79.52 extended to as low as 77.04, suggesting that a cycle top had been formed on daily chart. Range trading between 75.57 and 79.52 would likely be seen over the next several weeks. As...
AUDUSD might be forming a cycle bottom at 1.0053 on daily chart. Further rise would likely be seen in a couple of weeks, and target would be at 1.5800 area. Support is 1.0053, only break below this...
