Being contained by 79.75 (1995 low) support, USDJPY rebounded from 80.30, and the bounce has extended to as high as 84.18, suggesting that the downward movement from 94.98 has completed. Further rally is expected and next target...
AUDUSD broke below 0.9651 key support, suggesting that the uptrend from 0.8066 has completed at 1.0182 level already. Deeper decline is now in favor and next target would be at 0.9300-0.9400 area. Resistance is at 0.9800, as...
GBPUSD broke below 1.5649 key support, suggesting that the uptrend from 1.4230 has completed at 1.6298 already. Deeper decline towards 1.5296 support could be seen next week. Resistance is at 1.5850, as long as this level holds,...
EURUSD broke below the rising price channel on daily chart, signaling a change in trend. Bearish movement is expected to continue next week and next target would be at 1.3000 area. Resistance is at the downtrend line...
Being supported by 0.9930 previous low, USDCAD traded in a range between 0.9977 and 1.0378. The price action in the trading range is likely forming a double bottom pattern. Another rise to test 1.0378 key resistance is...
USDCHF broke above 0.9971 resistance, suggesting that the downtrend from 1.1730 has completed at 0.9463 already. Further rally is expected and next target would be at 1.0100-1.0200 area. Key support is at 0.9463, only break below this...
USDJPY broke above the downtrend line from 94.98 to 85.92, suggesting that a cycle bottom has been formed at 80.30 level on daily chart, and the downward movement from 94.98 has completed. Further rally is expected in...
AUDUSD stays in a trading range between 0.9651 and 1.0182. As long as 0.9651 key support holds, the price action in the range is treated as consolidation of uptrend from 0.8066, and another rise towards 1.0500 is...
Being supported by the rising trend line from 1.5296 to 1.5649, GBPUSD rebounded from 1.5839. Now the bounce from 1.5839 is likely resumption of uptrend from 1.5296. Further rise towards 1.6298 previous high is expected next week,...
Being supported by the lower border of the price channel on daily chart, EURUSD rebounded from 1.3448 level. Further rise could be seen next week and target would be at 1.3900-1.4000 area. On the downside, a breakdown...
