GBPUSD remains in downtrend from 1.6875 and the fall extended further to as low as 1.5920. Deeper decline towards 1.5708 is still possible next week. Resistance is now at the falling trend line on daily chart now...
EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds,...
USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to...
USDCHF’s bounce from 0.9917 extended to as high as 1.0507 level. Further rally is still possible next week and next target would be at 1.0600 area. Support level is now located at 1.0300, below this level will...
USDJPY broke above the falling price channel on daily chart, suggesting another rally towards 92.32 key resistance, a break above this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already.
AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long...
GBPUSD runs in a falling price channel on daily chart and remains in downtrend from 1.6875. As long as the channel resistance holds, we’d expect downtrend to continue and further decline towards 1.5900-1.6000 area is possible.
EURUSD continues its bearish movement and drops sharply to as low as 1.4261 level. Deeper decline is still in favor next week and next target would be at 1.4100 area. Resistance levels are at 1.4450 and 1.4550,...
USDCAD has consolidated in a range between 1.0405 and 1.0852 for several weeks. Another fall below 1.0206 previous low would more likely be seen after consolidation. Resistance is at 1.0852, only rise above this level could signal...
USDCHF broke above 1.0337 key resistance, suggesting that the fall from 1.1021 has completed at 0.9917 already. Further rally is still possible next week and next target would be at 1.0600 area. Support is at 1.0200, only...
