AUDUSD has formed a cycle bottom at 0.9927, and the fall from 1.1080 has completed. Further rise is expected after a minor consolidation, and next target would be at 1.0600-1.0700 area. Key support is at 0.9927, only...
GBPUSD’s rise from 1.5781 extended to as high as 1.6476, the subsequent fall is treated as consolidation of uptrend. Another rise could be seen after consolidation, and next target would be at 1.6600-1.6700 area.
EURUSD stays in a price channel on daily chart. As long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of the channel is possible. Key resistance is...
USDCAD’s bounce from 0.9406 extended to as high as 0.9852, suggesting that lengthier consolidation of the long term downtrend from 1.0852 (2010 high) is underway. Further rise is still possible next week, and next target would be...
USDCHF’s downtrend from 0.9774 extended to as low as 0.7580. Further fall is still possible next week and next target would be at 0.7200 area. Resistance remains at the downtrend line on 4-hour chart, only a clear...
After touching 76.40 previous low, USDJPY rebound strongly from 76.29, suggesting that a cycle bottom has been formed on daily chart. Range trading between 76.29 and 80.23 would likely be seen in a couple of weeks.
A sharply drop had brought price back to as low as 1.0376, suggesting that lengthier consolidation of the uptrend from 0.8066 (2010 low) is underway. Deeper decline is still possible next week, and target would be at...
GBPUSD remains in uptrend from 1.5781, the fall from 1.6475 is treated as consolidation of uptrend. As long as 1.6223 support holds, uptrend could be expected to continue, and next target would be at 1.6600-1.6700 area. On...
EURUSD formed a cycle top at 1.4535 on daily chart. Deeper decline towards the lower border of the channel is expected in a couple of weeks. Key resistance is now at 1.4535, only break above this level...
USDCAD is in downtrend from 0.9912, the bounce from 0.9406 is treated as consolidation of downtrend. Range trading between 0.9406 and 0.9650 is possible next week. Support is now at 0.9406, a breakdown below this level could...
