USDCAD is facing the support of the bullish trend line on the daily chart, a breakdown below the trend line support would indicate that the upside movement from 1.2782 had completed at 1.3664 already, then deeper decline...
USDJPY’s downside movement from 114.54 had completed at 105.05. Range treading between 106.00 and 110.50 would likely be seen in the coming days. As long as 110.50 resistance holds, the downtrend could be expected to resume, and...
AUDUSD’s downside movement from 0.7393 had completed at 0.6765 already. Further rally would likely be seen in the coming days and next target would be at 0.7300 area. Near term support is at 0.7000, below this level...
GBPUSD extended its downside movement from 1.3298 to as low as 1.2396. Further decline is still possible after consolidation and next target would be at 1.2200 area. Key resistance is at 1.2814, above this level would indicate...
EURUSD failed to breakout of 1.1500 resistance and stayed in a trading range between 1.1215 and 1.1500. As long as 1.1500 resistance holds, the price action in the trading range could be treated as consolidation for the...
USDCAD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3253 had completed at 1.3664 already. Further decline could be expected and next target would be at...
USDJPY remains in the downtrend from 113.70. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 105.05 could be treated as consolidation for the downtrend, and another fall...
AUDUSD is facing the resistance of the bearish trend line on the 4-hour chart. A break of the trend line resistance would confirm that the downside movement from 0.7393 had completed at 0.6765 already, then next target...
GBPUSD broke above 1.2640 resistance, suggesting that the downside movement from 1.2814 had completed at 1.2396 already. Further rally could be expected in a couple of days and next target would be at 1.2800 area. Near term...
EURUSD broke above 1.1400 resistance, suggesting that the short term downtrend from 1.1496 had completed at 1.1303 already. Another rise towards 1.1500 could be expected in the coming days. Support is now at 1.1303, below this level...
