USDCAD broke below 1.0405 support, suggesting that a cycle top has been formed at 1.0745 level on daily chart. Further decline towards 1.0206 is expected in a couple of weeks. Resistance is now at 1.0580, only rise...
USDCHF has formed a cycle top at 1.0507 level on daily chart. Range trading between 1.0200 and 1.0507 is expected in next several days. However, the fall from 1.0507 is more likely consolidation of uptrend from 0.9917,...
USDJPY broke above 92.32 key resistance, suggesting that the long term downtrend from 101.43 has completed at 84.82 level already. Further rally is expected next week and next target would be at 94.00-95.00 area. Support level is...
AUDUSD remains in downtrend from 0.9404 and the bounce from 0.8734 is treated as consolidation of downtrend. Resistance is located at the upper border of the falling price channel on daily chart. As long as the channel...
GBPUSD’s downtrend from 1.6875 extended further to as low as 1.5829. The subsequent bounce is more likely consolidation of downtrend. Deeper decline is still possible after consolidation. Resistance is located on the upper border of the falling...
EURUSD traded in a narrow range between 1.4218 and 1.4457 for several days. As long as 1.4457 resistance holds, downtrend from 1.5144 could be expected to continue and another fall towards 1.4000 area is still possible. However,...
Being contained by 1.0748 resistance, USDCAD pulled back from 1.0745 level. Another fall towards 1.0206 previous low is expected in a couple of weeks and a breakdown below 1.0405 support could signal resumption of downtrend.
USDCHF remains in uptrend from 0.9917 and the pullback from 1.0507 is treated as minor consolidation of uptrend. As long as 1.0300 support holds, we’d expect uptrend to resume and another rally towards 1.0600 is still possible....
USDJPY is moving towards 92.32 key resistance, a breakout of this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already. However, next cycle top on daily chart is nearing, minor consolidation...
AUDUSD is now in downtrend from 0.9404 and the fall extended to as low as 0.8734. further fall is still possible next week and next target would be at 0.8550-0.8600 area. Resistance is at 0.8920, as long...
