EURUSD formed a cycle bottom at 1.3837 on daily chart. Further rise is still possible next week, and next target would be at 1.4600-1.4700 area. Support is at 1.4250, only break below this level will suggest that...
USDCAD’s fall from 0.9912 extended to as low as 0.9520. Further fall to test 0.9444 previous low support is still possible next week, a breakdown below this level will indicate that the long term downtrend from 1.0852...
USDCHF continued its downward move from 1.1730 (2010 high) and reached as low as 0.8084. Further fall is expected after a minor consolidation and next target would be at 0.7900 area. Resistance is at the downtrend line...
USDJPY broke below 79.57 support and reached as low as 78.46. Deeper decline is expected next week, and next target would be at 77.50 area. Resistance is at 80.00, only break above this level could indicate that...
AUDUSD’s rise extended to as high as 1.0798. Further rise towards 1.1011 previous high is still possible after a minor consolidation, a break above this level will target 1.2000 area. Key support is at 1.0525, only break...
GBPUSD had formed a cycle bottom at 1.5781 on daily chart. Further rise could be seen in a couple of weeks, and target would be at 1.6500-1.6600 area. Key support is at 1.5781, only break below this...
EURUSD is forming a cycle bottom at 1.3837 on daily chart. Further rise would likely be seen in a couple of weeks, and the target would be at 1.4700-1.4750 area. Key support is now at 1.3837, only...
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USDCAD is now in downtrend from 0.9912. Further fall to test 0.9444 previous low support could be expected next week, a breakdown below this level will indicate that the long term downtrend from 1.0852 (2010 high) has...
USDCHF stays below a downtrend line from 0.9774 to 0.9339, and remains in downtrend from 0.9774, the price action from 0.8326 is treated as consolidation of downtrend. Further fall to test 0.8275 previous low support could be...
