GBPUSD drops below 1.5269 previous low support. Further decline could be seen to 1.4500 zone. Initial resistance is at the down trend line on daily chart, and as long as the trend line resistance holds, we’d expect...
EURUSD formed a cycle top at 1.3290 on daily chart. Deeper decline could be seen to 1.2000 zone in a couple of weeks. Key resistance is now located at 1.3290, above this level will indicate that the...
USDCAD rebounds from 1.1464 level. Further rise towards 1.2500 zone could be seen next week. The price action from 1.3015 is treated as consolidation to long term up trend, and trading in a range between 1.1464 and...
USDCHF remains in up trend. Further rise could be seen to 1.2000 zone next week. Initial support is located at 1.1549 level. As long as this level holds, we’d expect up trend to continue. However, a break...
USDJPY formed a cycle bottom at 90.92 on daily chart. Further rise to test 103.06 resistance could be seen next week. A break above this level will signal further rally towards 108.00 zone. Initial support is at...
AUDUSD formed a cycle bottom at 0.6008 on daily chart. Further rise to test 0.7238 resistance is still possible next week. As long as this level holds, the rise from 0.6008 is treated as consolidation to down...
GBPUSD is forming a sideways consolidation in a range between 1.5269 and 1.6671. As long as 1.6671 resistance holds, we’d expect downtrend to resume and deeper decline towards 1.4500 zone is still possible after consolidation.
EURUSD traded in a range between 1.2329 and 1.3290 for two weeks and the price action from 1.2329 is more likely forming a sideways consolidation to down trend. Further fall towards 1.2000 zone is now in favor...
With the U.S. Presidential Election underway, the value of the USD has regained a modicum of strength. Also surprising the market was a larger than forecasted cut to Australian interest rates, sending the value of the AUD...
USDCHF breaks above 1.1746 previous high resistance, suggesting that a cycle bottom has been formed at 1.1208 on daily chart. Further rally is expected to 1.2200 zone in next several days. Initial support is at the up...
