USDCAD remains in downtrend from 1.3063. More quick moves towards 1.0700 is expected in a couple of weeks. Initial resistance remains at the falling trend line from 1.2504 to 1.1813. As long as the trend line resistance...
USDCHF remains in downtrend from 1.1740. As long as the falling trend line on daily chart resistance holds, we’d expect the downtrend to continue and deeper decline is possible to 1.0500 level in a couple of weeks....
USDJPY’s downtrend from 101.43 extends further to as low as 93.85 level. Deeper decline to test 93.53 long term key support is expected next week. A break down below this level will indicate that a cycle top...
AUDUSD stays above the rising trend line on daily chart and remains in uptrend from 0.6284. However, the price action from 0.7709 is more likely consolidation of the uptrend. Pullback to test 0.7449 support would more likely...
GBPUSD remains in uptrend from 1.4397. Further rally is still in favor next week and target is at 1.6300-1.6500 area. Near term support is at 1.5500, as long as this level holds, we’d expect the uptrend to...
EURUSD remains in uptrend from 1.2884. Further rally is expected to 1.4150-1.4200 area next week. Initial support is at 1.3800, and followed by the rising trend line on daily chart now at 1.3590. As long as the...
The USD’s volatility is set to continue today as forex trader’s eye Federal Reserve Chairman Ben Bernanke’s speech as 6 GMT. In the meantime, however, it would be a wise move for investors to open some important...
USDCAD breaks below 1.1464 (Nov 5, 2008 low) long term key support, suggesting that a cycle top has been formed at 1.3063 on weekly chart. Further fall is now in favor, and the next target is at...
USDCHF breaks below 1.0977 support, suggesting that the downtrend from 1.1740 has resumed. Deeper decline is now in favor and the next target is at 1.0600-1.0800 area. Initial resistance is at the falling trend line on daily...
GBPUSD breaks above the upper border of the previous mentioned price channel, suggesting that a sharp move towards 1.6000-1.6500 area is underway. Near term support is at 1.5560, as long as this level holds, the uptrend from...
