GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks, as long as 1.5962 key support holds, uptrend could be expected to resume, and another rise towards 1.7000 is still possible. However, a break above...
EURUSD’s upward movement extended further to as high as 1.4183. The pair is now facing1.4281 resistance, minor consolidation would likely be seen before breaking above this level. Range trading between 1.4000 and 1.4200 is expected next week.
USDCAD stays below a falling trend line on daily chart, and remains in downtrend from 1.0057. Deeper decline is still possible next week and next target would be at 0.9600 zone. Resistance is at the trend line,...
USDCHF remains in downtrend from 0.9774. The bounce from 0.9201 is treated as consolidation of downtrend. Another fall towards 0.9000 area would likely be seen next week. Resistance is at 0.9450, only break above this level could...
USDJPY stays in a trading range between 80.30 and 84.50. The price action in the trading range is likely a symmetrical triangle pattern. Downtrend from 94.98 could be expected to resume after breaking below the lower boundary...
AUDUSD stayed in a narrow range between 0.9940 and 1.0200 for several weeks. Another rise to re-test 1.0255 key resistance would likely be seen next week, a break above this level will indicate that the uptrend from...
GBPUSD traded in a range between 1.5962 and 1.6343 for several weeks. The price action in the range is treated as consolidation of uptrend from 1.5344. As long as 1.5962 key support holds, uptrend could be expected...
EURUSD remains in uptrend from 1.2874, the fall from 1.4035 is treated as consolidation of uptrend. Further rise is still possible next week, and next target would be at 1.4200 area. Support is at 1.3750 followed by...
USDCAD remains in downtrend from 1.0057 and the fall extended to as low as 0.9683 level. Deeper decline is still possible after a minor consolidation, and next target would be at 0.9600 area. Resistance is at the...
USDCHF is in downtrend from 0.9774. Deeper decline would likely be seen in a couple of weeks and next target would be at 0.9000 area. Resistance is at 0.9450, as long as this level holds, downtrend could...
