EURUSD remains in uptrend from 1.2874, the fall from 1.4035 is treated as consolidation of uptrend. Further rise is still possible next week, and next target would be at 1.4200 area. Support is at 1.3750 followed by...
USDCAD remains in downtrend from 1.0057 and the fall extended to as low as 0.9683 level. Deeper decline is still possible after a minor consolidation, and next target would be at 0.9600 area. Resistance is at the...
USDCHF is in downtrend from 0.9774. Deeper decline would likely be seen in a couple of weeks and next target would be at 0.9000 area. Resistance is at 0.9450, as long as this level holds, downtrend could...
USDJPY formed a symmetrical triangle pattern on daily chart. The price action in the pattern is treated as consolidation of downtrend from 94.98 (May 5, 2010 high), a clear break below the lower boundary of the pattern...
Being contained by 1.0255 previous high resistance, AUDUSD formed a sideways consolidation between 0.9940 and 1.0200. Another rise to re-test 1.0255 resistance is expected next week. A break above this level will indicate that the long term...
GBPUSD broke above 1.6298 resistance, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 area. Near term support is at the...
EURUSD broke above 1.3861 resistance and reached as high as 1.4006, suggesting that the uptrend from 1.2874 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.4200 area....
USDCAD continued its downward movement from 1.0057, and the fall extended to as low as 0.9772 level. Deeper decline is expected next week and next target would be at 0.9600-0.9700 area. Resistance is at the downtrend line...
USDCHF broke below 0.9300 previous low support, suggesting that the long term downtrend from 1.1730 had resumed. Deeper decline could be seen in a couple of weeks and next target would be at 0.9000 area.
USDJPY had formed a cycle top at 83.96 level on daily chart. Deeper decline to test 80.30 key support is expected next week, a breakdown below this level will indicate that the long term downtrend from 94.98...
