GBPUSD has formed a cycle bottom at 1.5484 level on daily chart. However, the bounce from 1.5484 is treated as consolidation of downtrend from 1.6298, another fall to test 1.5296 key support is still possible after consolidation....
EURUSD is forming a cycle bottom at 1.2969 level on 4-hour chart, consolidation of downtrend is expected to continue and range trading between 1.2969 and 1.3600 would likely be seen in a couple of weeks.
USDCAD moved sideways in a range between 0.9977 and 1.0378 for several weeks. Now the pair is facing 0.9977 support, below this level will indicate that downtrend has resumed, and the target would be at 0.9700-0.9800 area.
USDCHF dropped sharply from 1.0066. Deeper decline to 0.9600-0.9650 area to reach next cycle bottom on daily chart is expected next week and the next cycle bottom is nearing. As long as 0.9463 key support holds, the...
USDJPY dropped sharply from 84.40, suggesting that a cycle top had been formed on daily chart. Deeper decline to 81.00 area is expected next week. As long as 80.30 key support holds, the fall from 84.40 is...
AUDUSD bounced strongly from 0.9537, suggesting that a cycle bottom had been formed on daily chart. Now the bounce from 0.9537 could possibly be resumption of uptrend from 0.8066. Further rise towards 1.0182 previous high could be...
GBPUSD remains in downtrend from 1.6298, the bounce from 1.5484 is treated as consolidation of downtrend. Resistance is at 1.5900, as long as this level holds, downtrend could be expected to continue. However, a break above 1.5900...
EURUSD rebounded strongly from 1.2969, suggesting that a cycle bottom had been formed on daily chart. However, the bounce is likely consolidation of downtrend from 1.4281. Range trading between 1.2969 and 1.3550 is expected in a couple...
USDCAD traded in a range between 0.9977 and 1.0378. Another rise towards 1.0378 key resistance would more likely be seen next week, a break above this level will bring price further to 1.0600 or even higher. Support...
USDCHF’s bounce from 0.9463 extended to as high as 1.0053 level. Further rally is still possible next week and next target would be at 1.0200-1.0300 area. Support is at 0.9850, only break below this level could bring...
