USDCHF formed a cycle bottom at 0.9463 level on daily chart. Further rally is still possible next week and target would be at 1.0000 area. However, the bounce from 0.9463 is more likely consolidation of downtrend from...
USDJPY remains in downtrend from 94.98 and the fall extended to as low as 80.84 level. Resistance is at 82.00 followed by the falling trend line from 94.98 to 85.92, as long as the trend line resistance...
AUDUSD broke below the rising price channel on daily chart, suggesting that a cycle top has been formed at 0.9998 level. Deeper decline to 0.9300 is expected in a couple of weeks.
GBPUSD formed a cycle top at 1.6105 level on daily chart. Pullback to 1.5400 is expected in a couple of weeks. However, the price action from 1.5997 is more likely consolidation of uptrend from 1.4230, as long...
EURUSD has formed a cycle top at 1.4152 level on daily chart. The fall from 1.4152 is treated as consolidation of uptrend from 1.1876. Range trading between 1.3400 and 1.4152 would more likely be seen in a...
USDCAD’s downward move from 1.0672 extended to as low as 0.9979 level. Deeper decline towards 0.9930 previous low is still possible next week. Resistance is at 1.0235, as long as this level holds, downtrend will continue.
USDCHF’s bearish movement extended to as low as 0.9463 level. Deeper decline is still possible next week and next target would be at 0.9200-0.9300 area. Resistance is at 0.9727, only break above this level could indicate that...
USDJPY stays below a downtrend line from 94.98 to 85.92 and remains in downtrend, and the fall from 94.98 extended to as low as 80.88 level. Initial resistance is at 82.50, as long as this level holds,...
AUDUSD runs in a rising price channel on daily chart and remains in uptrend. As long as the channel resistance holds, uptrend is expected to continue, and next target would be at 1.0300 area.
GBPUSD continues its upward move from 1.5296 and the rise extended to as high as 1.6105 level. Key support is now located at 1.5755, as long as this level holds, uptrend is expected to continue and next...
