USDCAD formed a cycle top at 1.0672 level on daily chart. Further fall towards 1.0107 previous low support is still possible next week, rebound would more likely be seen before breaking below this level. Resistance is at...
Being contained by 0.9917 (2009 low) support, USDCHF rebounded from 0.9932. Key resistance is now at 1.0277, as long as this level holds, downtrend is expected to continue and another fall to test 0.9917 support is still...
USDJPY bounced strongly from 82.87 and is now facing 85.89 key resistance, a clear break above this level will suggesting that a cycle bottom has been formed on daily chart and the fall from 92.88 has completed,...
AUDUSD broke above 0.9404 (2009 high). Further rise is still possible next week and next target would be at 0.9600 area. Support is at 0.9240, as long as this level holds, uptrend from 0.8771 could be expected...
GBPUSD formed a cycle bottom at 1.5296 level on daily chart. Further rise towards 1.5997 is expected next week. However, the bounce from 1.5296 is more likely correction of downtrend from 1.5997, as long as 1.5997 key...
EURUSD formed a cycle bottom at 1.2587 level on daily chart and the bounce extended to as high as 1.3158. Further rise towards 1.3333 previous high is still possible next week. However, the bounce from 1.2587 is...
USDCAD broke below the rising trend line, suggesting that a cycle top has been formed at 1.0672 on daily chart, range trading between 1.0107 and 1.0676 is expected in a couple of weeks.
Being supported by a trend line from 0.9634 (2008 low) to 0.9917 (2009 low) on weekly chart, USDCHF rebounded from 1.0060. Sideways consolidation in a range between 1.0060 and 1.0350 is expected in next several days. However,...
USDJPYs downward movement from 92.88 extended to as low as 83.34. Key resistance is now at 85.89, as long as this level holds, downtrend is expected to continue and deeper decline to 82.00 is still possible. However,...
AUDUSD broke above 0.9221 resistance. Further rise is still possible next week and next target is at 0.9404 (2009 high). Near term support is at 0.9090, as long as this level holds, uptrend from 0.8771 could be...
