GBPUSD is in uptrend from 1.5272, the price action from 1.6164 is treated as consolidation of uptrend. As long as 1.5800 support holds, uptrend could be expected to resume, and another rise towards 1.6500 is still possible....
EURUSD’s downward movement from 1.4246 extended to as low as 1.3484, the subsequent bounce suggested that a cycle bottom was being formed on daily chart. Further rise could be expected in a couple of weeks, and target...
USDCAD had formed a cycle bottom at 0.9891 on daily chart. Further rise is expected after a minor consolidation, and target would be at 1.0400 area. However, the rise would possibly be correction of downtrend from 1.0656,...
USDCHF broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 0.8569. Range trading between 0.8569 and 0.9050 would likely be seen in a couple of weeks. However, the rise...
USDJPY broke above 77.85 key resistance, suggesting that a cycle bottom had been formed at 75.57 on daily chart, and the fall from 85.51 had completed. Range trading between 76.50 and 79.52 could be seen in a...
AUDUSD pulled back from 1.0751 and the fall extended to as low as 1.0202, suggesting that a cycle top had been formed on daily chart. The pair is now in downtrend, deeper decline could be expected after...
GBPUSD remains in uptrend from 1.5272, the fall from 1.6164 could be treated as consolidation of uptrend. Support is at 1.5800, as long as this level holds, uptrend could be expected to resume, and another rise towards...
EURUSD had formed a cycle top at 1.4246 on daily chart, and the pair is now in downtrend. Resistance is at 1.4000, as long as this level holds, deeper decline could be seen after a minor consolidation,...
The first official “Traders Union” International Association of Forex Traders has been established in London. The organization was created in the beginning of 2010. In the few month of its operation 30 000 foreign exchange participants have joined...
USDCAD continued its downward move from 1.0656 and the fall extended to as low as 0.9891. Further fall could be seen next week, and next target would be at 0.9700 area. Resistance is at 1.0050, only break...
