AUDUSD stays in a trading range between 1.0440 and 1.0773. The price action in the range is treated as consolidation of downtrend from 1.1011. Another fall to 1.0350 is possible next week. Resistance is at 1.0773, only...
GBPUSD is facing 1.6059 key support, a breakdown below this level will suggest that the uptrend from 1.5344 had completed at 1.6745 already, then the following downward move could bring price to 1.4500 area. However, as long...
EURUSD’s fall from 1.4696 reached 1.4073 only. Sideways movement would likely be seen next week, and the trading range would be between 1.3969 and 1.4696. Key support is at 1.3969, a breakdown below this level will trigger...
USDCAD stays above a uptrend line on daily chart, and remains in uptrend from 0.9444. As long as the trend line support holds, uptrend could be expected to continue and further rise to 1.0000 area could be...
USDCHF stays below a downtrend line from 0.9774 to 0.9339, and remains in downtrend. Further fall is still possible in a couple of weeks, and next target would be at 0.8000-0.8100 area. Resistance is at the downtrend...
USDJPY is now facing the 79.58 support, a breakdown below this level will confirm that the downtrend from 85.51 has resumed, then next target would 78.00 area. On the upside, as long as 79.58 level holds, the...
AUDUSD is in downtrend from 1.1011, the price action from 1.0440 is treated as consolidation of downtrend. Deeper decline would likely be seen next week, and next target would be at 1.0350 area. Resistance is at 1.0773,...
GBPUSD’s bounce from 1.6059 reached 1.6546 only, the subsequent fall would possibly be resumption of downtrend from 1.6745. Deeper decline to re-test 1.5936 support would likely be seen in a couple of weeks. Key resistance is at...
EURUSD dropped from 1.4696, suggesting that a cycle top had been formed on daily chart. Now the fall would possibly be resumption of downtrend from 1.4939. Deeper decline could be seen next week, and next target would...
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