AUDUSD is facing the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend from 0.7068, one...
GBPUSD remains in the downtrend from 1.3176. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Near term resistance is at 1.2780, a break of this level could bring...
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1263. As long as the price is below the trend line, the bounce from 1.1150 could be treated as consolidation...
USDCAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another fall to test 1.3376 support would likely be seen, a breakdown below this level could take the price to...
USDJPY broke above 110.04 resistance. Further rally towards the falling trend line on the 4-hour chart could be expected in the coming days. A breakout of the trend line resistance would confirm that the downside movement from...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7068. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend....
GBPUSD extended its downside movement from 1.3176 to as low as 1.2713. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1263. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
USDCAD moved sideways in a narrow range between 1.3376 and 1.3520 over the past two weeks. As long as the price is above the rising trend line on the daily chart, the price action in the range...
USDJPY’s downside movement from 112.40 extended to as low as 109.01, the subsequent bounce suggested that the downside move had completed. Further rally would likely be seen next week and next target would be at 111.50 area....
