USDCAD breaks below 1.0784 previous low. Deeper decline is still in favor and next target would be at 1.0400-1.0500 area. Near term resistance is at 1.0950, and key resistance is at 1.1113, only rise above this level...
USDCHF stays in the trading range between 1.0590 and 1.1021. One more rise above 1.1021 resistance would more likely be seen. However, below 1.0590 will indicate that the downtrend from 1.1963 has resumed, then deeper decline could...
USDJPY is moving to the upper border of the falling price channel on daily chart. As the next cycle top is nearing, pullback would more likely be seen before breaking above the top of the price channel....
AUDUSD remains in uptrend from 0.6248, and the rise extends to as high as 0.8365 level. Further rally to 0.8500 zone to reach the next cycle top is still possible next week. Near term support is at...
GBPUSD is testing 1.6743 previous high resistance, a break above this level will suggest that the uptrend from 1.3503 has resumed, then further rally could be seen to 1.7000 zone. Near term support is now at 1.6310,...
EURUSD has formed a cycle top at 1.4304 level on daily chart, and the rebound from 1.4007 is treated as correction of downtrend from 1.4304. Pullback towards 1.3748 previous low would more likely be seen next week...
The USD is set to go extremely volatile today on the release of Advance GDP figures for the 2nd quarter from the U.S. economy at 12:30 GMT. The forecasted results are -1.4%, significantly better than the 1st...
The price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations,...
USDCHF failed to test 1.0590 previous low support and rebounds from 1.0622, suggesting that the pair has formed a cycle bottom at 1.0622 level on daily chart. Further rally is expected to test 1.1021 previous high resistance,...
Being contained by 1.4338 previous high resistance, EURUSD pulls back from 1.4304, suggesting a cycle top has been formed on daily chart. Deeper decline is now in favor and next target is to test 1.3748 support, below...
