GBPUSD has formed a cycle top at 1.6456 level on daily chart. Another fall towards 1.5708 previous low is expected next week, a breakdown below this level trigger further decline to 1.4800-1.5000 area. Resistance is at 1.6456,...
EURUSD’s downtrend form 1.5144 extended further to as low as 1.3861 level. Deeper decline is still possible next week and next target would be at 1.3500-1.3600 area. Resistance is at the falling trend line on daily chart....
Being contained by 1.0206 previous low support, USDCAD bounced sharply from 1.0224, suggesting that a cycle bottom had been formed on daily chart. Further rally to test 1.0748 resistance is expected next week.
As expected, USDCHF formed a cycle bottom at 1.0132 level on daily chart. Now the bounce from 1.0132 is treated as resumption of uptrend from 0.9917. Further rally is in favor and next target would be at...
USDJPY’s fall from 93.75 extends to as low as 89.78 level. Deeper decline is still possible next week and next target would be at 89.00 or even 88.00. Resistance is at 91.00, as long as this level...
AUDUSD failed to break above 0.9404 resistance and pulled back from 0.9327 level, suggesting that a cycle top had been formed on daily chart. Pullback towards 0.8734 previous low would more likely be seen next week.
GBPUSD’s bounce from 1.5829 reaches 1.6456 level only. The subsequent pullback suggests that a cycle top is being formed on daily chart. Deeper decline to test 1.5829 key support is expected next week. A breakdown below this...
As expected, EURUSD formed a cycle top at 1.4579 level on daily chart. Deeper decline is now in favor and next target would be at 1.3800 area. Resistance is at 1.4250, as long as this level holds,...
USDCAD is testing 1.0206 previous low support. Break below this level would more likely be seen next week and next target would be at 1.0000 area. Resistance is at 1.0420, as long as this level holds, downtrend...
USDCHF might be forming a cycle bottom at 1.0132 level on daily chart. Key resistance is located at 1.0420, a break above this level will confirm the cycle bottom, then another rise towards 1.0600-1.0700 could be seen....
