EURUSD dropped below the lower border of the rising price channel on daily chart. Range trading between 1.4626 and 1.5144 would more likely be seen next week. As long as 1.4626 support holds, the price action in...
USDCAD traded in range between 1.0416 and 1.0852. As long as 1.0852 resistance holds, we’d expected downtrend to resume and another fall towards 1.000 would more likely be seen. Only rise above 1.0852 will indicate lengthier correction...
USDCHF stays in a falling price channel on daily chart and remains in downtrend from 1.1021. As long as the channel resistance holds, downtrend is expected to continue and deeper decline towards 0.9850 is still possible next...
USDJPY dropped sharply and broke below 87.12 (Jan 21 low). However, the fall from 101.43 is limited by the lower border of falling price channel on daily chart. Range trading between 84.82 and 90.00 would more likely...
AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following pullback could take price to 0.8500 zone,...
GBPUSD might be forming a cycle top at 1.6875 level on daily chart. Key support is located at 1.6251, a breakdown below this level will confirm the cycle top and indicate that the rise from 1.5708 has...
EURUSD stays in a rising price channel on daily chart. Uptrend is expected to continue next week as long as channel support holds, and next target would be at 1.5200-1.5250 area. On the other side, key support...
When it comes to trading, one common piece of advice from instructors is to trade in the direction of the trend on the daily chart. This means buying when the trend is up and selling when the...
USDCAD’s fall from 1.0852 completed at 1.0416 level already. Now the rebound from 1.0416 could possibly be resumption of uptrend from 1.0206. Another rise to 1.1000 zone would more likely be seen in a couple of weeks....
USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of downtrend from 1.1021 and deeper decline towards...
