GBPUSD broke above the falling price channel on daily chart and is facing 1.5522 key resistance. Minor consolidation would more likely be seen next week before breaking above this level and the trading range would be within...
EURUSD’s rise from 1.1876 extends to as high as 1.3006 level. Further rally is still possible next week and next target would be at 1.3200-1.3300 area. Support is at 1.2700, as long as the pair stays above...
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Being contained by 1.0678 resistance, USDCAD dropped sharply from 1.0676 level, suggesting that a cycle top has been formed on daily chart. Another fall towards 0.9930 previous low would more likely be seen in a couple of...
USDCHF remains in downtrend from 1.1730 and the fall extends further to as low as 1.0480 level. Key resistance is at 1.0695, as long as this level holds, downtrend will continue, however, a break above this level...
USDJPY is forming a cycle bottom at 86.96 level on daily chart. Bounce to 90.00 area would more likely be seen next week. Support is at 86.96, only fall below this level could indicate that the downtrend...
AUDUSD has formed a cycle bottom at 0.8315 level on daily chart. Now the rise from 0.8315 could possibly be resumption of uptrend from 0.8066. Further rally is still possible next week and target would be at...
GBPUSD is moving towards the upper boundary of a falling price channel on daily chart. As long as the channel resistance holds, the bounce from 1.4230 is treated as consolidation of downtrend from 1.7042 and another fall...
