USDJPY broke below 91.25 support. Deeper decline to 89.00-90.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at 92.20, a break above this level will indicate that a cycle...
AUDUSD’s bounce from 0.8734 extended to as high as 0.9327 level. Further rally to test 0.9404 resistance is still possible next week. However, pullback would more likely be seen before breaking above this level. Support level is...
GBPUSD broke above the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 1.5829 on daily chart. Now the pair is back to range trading between 1.5708 and 1.7042. Bounce to...
EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend...
USDCAD is in downtrend from 1.0745. Further fall is still possible next week and target is to test 1.0206 previous low support. Fall below this level to reach next cycle bottom on daily chart would more likely...
USDCHF formed a a cycle top at 1.0507 level on daily chart and the subsequent pullback is treated as consolidation of uptrend from 0.9917. Rang trading between 1.0100 and 1.0507 is expected in a couple of weeks....
USDJPY remains in uptrend from 84.82. As long as 91.25 support holds, uptrend could be expected to continue and next target would be at 95.00-96.00 area. Only fall below 91.25 level will indicate that lengthier consolidation of...
AUDUSD broke above the upper border of the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 0.8734 level and the fall from 0.9404 has completed. Further rally to re-test 0.9404...
GBPUSD stays in a falling price channel on daily chart and remains in downtrend from 1.6875. Deeper decline to test 1.5708 is still possible next week. Resistance is located at the upper border of the falling price...
EURUSD broke above 1.4457 key resistance, suggesting that a cycle bottom has been formed on daily chart and the fall from 1.5144 has completed. Bounce to 1.4600 area to reach next cycle top is expected next week....
