GBPUSD’s fall from 1.5997 extended to as low as 1.5296. Key resistance remains at 1.5597, as long as this level holds, downtrend is expected to continue and next target would be at 1.5200 area. However, above 1.5597...
EURUSD failed to break above 1.2921 key resistance and stayed in a trading range between 1.2587 and 1.2921. Now the price action in the trading range is treated as consolidation of downtrend from 1.3333, as long as...
USDCAD is facing the support of the rising trend line from 1.0107 to 1.0247, a clear break below the trend line support will indicate that a cycle top has been formed at 1.0672 on daily chart, and...
USDCHF remains in downtrend from 1.1730 and the bounce from 1.0064 is treated as consolidation of downtrend. Resistance is at 1.0300, as long as this level holds, downtrend is expected to continue and next target would be...
USDJPY is forming a cycle bottom at 83.62 level on daily chart. Range trading between 83.62 and 85.90 would more likely be seen in next several days. As long as 85.90 resistance holds, downtrend from 92.88 is...
AUDUSD has formed a cycle bottom at 0.8771 level on daily chart. Now the bounce from 0.8771 could possibly be resumption of uptrend from 0.8066. Further rise towards 0.9849 (2008 high) would more likely be seen, however,...
GBPUSD remains in downtrend from 1.5997 and the fall extended to as low as 1.5326. Resistance is at 1.5597, as long as this level holds, downward move is expected to continue and next target would be at...
EURUSD is facing 1.2921 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2587 already, and the fall from 1.3333 has completed, then range trading between 1.2587 and 1.3333 could...
Being contained by 1.0676 resistance, USDCAD dropped back from 1.0666, suggesting that a cycle top is being formed on daily chart. Pullback towards the uptrend line from 1.0107 and 1.0247 would more likely be seen next week....
USDCHF remains in downward move from 1.1730. Resistance is at 1.0450, as long as this level holds, downtrend is expected to continue and next target would be at 1.0100 area. Key resistance is at 1.0675, only break...
