EURUSD might be forming a cycle bottom at 1.3435 level on daily chart. Range trading between 1.3435 and 1.3838 is expected next week. Resistance is at the falling trend line from 1.5144 to 1.4579, key resistance is...
USDCAD continues its sideways movement in a range between 1.0206 and 1.0852. Lengthier consolidation in the trading range is still possible in a couple of weeks and one more fall to 1.0250-1.0350 area is expected next week.
USDCHF remains in uptrend from 1.0132 and the pullback from 1.0898 is more likely consolidation of uptrend. Range trading between 1.0608 and 1.0898 is expected next week. As long as 1.0608 support holds, one more rise towards...
USDJPY dropped sharply from 92.14, suggesting that a cycle top has been formed on daily chart. Another fall towards 84.82 previous low is now in favor and a breakdown below 88.57 support will confirm such case.
AUDUSD might be forming a cycle top at 0.9070 level on daily chart. Pullback to 0.8700-0.8750 area would more likely be seen in a couple of week. As long as 0.8577 support holds, we’d expected uptrend to...
GBPUSD remains in downtrend from 1.6456. Further decline is still possible next week and next target would be at 1.5000 area. Resistance is now located at the upper border of the falling price channel on daily chart,...
EURUSD remains in downward movement from 1.5144 and the bounce from 1.3443 is more likely consolidation of downtrend. Range trading between 1.3443 and 1.3838 is expected next week. As long as 1.3838 resistance holds, another fall towards...
USDCAD formed a cycle top at 1.0779 level on daily chart. Moving sideways without trend in a range between 1.0206 and 1.0852 is expected in next several weeks. Target for next week would be at 1.0250-1.0350 area.
USDCHF remains in uptrend from 1.0132 and the rise extends further to as high as 1.0898 level. Further rally is still possible next week and next target would be at 1.1000 area. However, next cycle top is...
USDJPY broke above the falling price channel on daily chart and bounced sharply to as high as 92.14, suggesting that a cycle bottom has been formed at 88.57 level. Another rise towards 95.00 is now in favor....
