EURUSD rebounded from 1.3881 level. Sideway consolidation would be seen in next several days. Initial resistance is located at 1.4400, as long as this resistance holds, we’d expect down trend to resume, and further decline is still...
USDCAD traded in a narrow range between 1.0541 and 1.0776 for several days. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart would more likely be seen before breaking above 1.0776 previous high....
USDCHF remains in up trend. Further rise is expected to test 1.1595 (Dec 20, 2007 high) in a couple of weeks. Initial support is now located at 1.1040, and key support is at 1.0842, only break of...
Being supported by the price channel, USDJPY formed a cycle bottom at 105.52 level on daily chart. Further rise above 110.66 is still in favor and a break of 109.18 level will confirm the resumption of up...
AUDUSD’s down trend remains and the fall from 0.9849 extends further to as low as 0.7981 level. Deeper decline is still possible in a couple of weeks, and target would be at 0.7800 zone. Initial resistance is...
GBPUSD remains in down trend, and the fall from 2.0158 extends to as low as 1.7471 level. A cycle top has been formed at 1.7974 on and further fall is still in favor in a couple of...
EURUSD’s bearish movement extends further to as low as 1.4046 level. Deeper decline is expected to 1.3500 in next several days. Initial resistance is from the down trend line on daily chart and key resistance is at...
This week could end the USD’s bullishness as the American stock markets’ values have been dropping and the financial crisis seems to continue. Over the weekend, it was announced that the US Government seized control of mortgage...
USDCAD is in consolidation to up trend. Pullback towards 1.0500 to reach next cycle bottom on daily chart is possible next week. Key support is at 1.0410, as long as this level holds, we’d expect up trend...
USDCHF’s up trend remains and the rise from 1.0010 extends further to as high as 1.1192 level. Further rally is expected to 1.1500 zone in a couple of week. Near term support is at 1.0842, only break...
