After breaking below 0.8734 support, AUDUSD bounced from 0.8577, taking price back to a trading range between 0.8577 and 0.9404. Further rally to 0.9200-0.9300 would more likely be seen after a minor consolidation. Key support is at...
GBPUSD’s downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at 1.5150 area. Key resistance is now located at 1.5815, as long as this level holds,...
EURUSD’s downward movement extends further to as low as 1.3443 level. Further decline is still possible next week and next target would be at 1.3300-1.3400 area. However, next cycle bottom is nearing, a break above 1.3838 key...
USDCAD dropped sharply from 1.0779, taking price back to range trading between 1.0206 and 1.0852. A cycle top has been formed at 1.0779 level on 4-hour chart. Deeper decline to 1.0300-1.0350 is expected in a couple of...
USDCHF’s uptrend extended further to as high as 1.0827 level. Further rally is still possible next week and next target would be at 1.0900 area. However, a breakdown below 1.0608 will indicate that a cycle top has...
USDJPY stays in a falling price channel and remains in downtrend from 93.75. As long as the channel resistance holds, we’d expect downtrend to resume and one more fall to 88.00 to reach next cycle bottom on...
AUDUSD formed a cycle bottom at 0.8577 level on daily chart. Bounce to 0.9100-0.9150 area is expected after consolidation. Key support is now at 0.8577, only fall below this level will indicate that the downtrend from 1.9327...
After breaking below 1.6708 support, GBPUSD traded in a narrow range for several days. Deeper decline is still in favor after consolidation and next target would be at 1.5200-1.5300 area. Resistance are at 1.5780 and 1.5950. Key...
EURUSD remains in downtrend from 1.4579. As long as 1.3838 resistance holds, downtrend could be expected to continue and deeper decline to 1.3400 area to reach next cycle bottom on daily chart is possible next week. However,...
USDCAD traded in a range between 1.0206 and 1.0852. The price action in the trading range is more likely a double bottom pattern on daily chart. Rise to test 1.0852 key resistance is expected next week, a...
