GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3381 had completed at 1.3003 already. Further rally could be expected in the coming days and next target would be...
EURUSD extended its downside movement from 1.1448 to as low as 1.1257. 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...
USDCAD failed to break above 1.3467 resistance and pulled back from 1.3444. Further decline would likely be seen in the coming days and next target would be at 1.3300 area. Resistance is at 1.3444, only break above...
USDJPY remains in the downtrend from 111.90, the bounce from 109.70 is likely consolidation for the downtrend. Range trading between 109.70 and 110.60 would likely be seen in a couple of days. As long as 110.60 resistance...
AUDUSD rebounded from 0.7065 after touching the rising trend line on the 4-hour chart. However, the bounce is likely correction for the downtrend from 0.7168, another fall towards 0.7000 would likely be seen after the correction.
GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. A clear break of the trend line resistance would indicate that the downside movement from 1.3381 had completed at 1.3003 already, then another...
EURUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.1273 could be treated as consolidation for the downtrend from 1.1448, further...
USDCAD remains in the uptrend from 1.3250. Further rise to test 1.3467 resistance is possible in the coming days. Near term support is at 1.3380, a breakdown below this level could bring the price back towards 1.3330...
USDJPY’s downside movement from 112.13 to as low as 109.70. Further decline could be expected in a couple of days and next target would be at 109.00 area. Resistance is at 110.50, as long as this level...
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7003 had completed at 0.7168 already. Further decline is still possible and next target would be at 0.7000 area. Resistance...
