EURUSD broke above 1.2671 key resistance, suggesting that the long term downtrend from 1.5144 has completed at 1.1876 already. Now the pair is in uptrend from 1.1876. Further rally is still possible next week and next target...
USDCAD broke above the falling trend line from 1.0852 to 1.0678, suggesting that a cycle bottom had been formed at 1.0138 level on daily chart, and the fall from 1.0852 had completed at 1.0138 already. Further rally...
USDCHF continues its sharply drop and the fall from 1.1730 extends to as low as 1.0585. Resistance levels are at 1.0695 and 1.0820, as long as these levels hold, downtrend is expected to continue and next target...
USDJPY broke below 88.14 key support, suggesting that the bounce from 84.82 has completed at 94.98 already. Now the fall from 94.98 could possibly be resumption of long term downtrend from 124.16 (2007 high). Deeper decline is...
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as correction of uptrend. As long as 0.8066 key support holds, one more rise to 0.9100 is still possible. Resistance is now at 0.8600,...
GBPUSD continues its upward movement from 1.4290 and the rise extends to as high as 1.5228 level. Further rally is still possible next week. Targets are at the upper boundary of the falling price channel and 1.5522...
EURUSD is facing 1.2671 key resistance, a break above this level will indicate that the long term downtrend from 1.5144 has completed at 1.1876 already, then the following bullish movement could bring price to 1.4700 area. However,...
GBPUSD: In several of our segments last week we discussed the GBP’s potential for breaking north of trend line Resistance. Last week we witnessed that very occurrence as the GBP took out the 50 day MA and...
USDCAD has reached the falling trend line from 1.0852 to 1.0678. A clear break above the trend line resistance will indicate that the fall from 1.0852 has completed at 1.0138 already, then further rally could be seen...
USDCHF continues its downward movement and the fall from 1.1730 extends to as low as 1.0921 level. Resistance is now at 1.1140, as long as this level holds, downtrend will continue, however, a break above this level...
