Being contained by 1.4281 resistance, EURUSD pulled back from 1.4248, suggesting that a cycle top is being formed on daily chart. Range trading between 1.3900 and 1.4248 would likely be seen next week. However, the fall from...
USDCAD is forming a cycle top at 0.9973 level on daily chart. Key support is at 0.9667, a breakdown below this level will confirm the cycle top, then another fall towards 0.9500 could be seen. Resistance is...
USDCHF’s downward movement extended to as low as 0.8922. Further fall is still possible in a couple of weeks and next target would be at 0.8500 area. Resistance is at 0.9150, as long as this level holds,...
USDJPY broke below the symmetrical triangle pattern and reached as low as 76.40, a new all time low, suggesting that the long term downtrend from 124.16 (2007 high) has resumed. The subsequent bounce from 76.40 is treated...
AUDUSD may be forming a cycle bottom at 0.9704 level on daily chart. Further rise towards 1.0255 previous high would likely be seen in a couple of weeks, a break above this level will indicate that the...
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...
