AUDUSD broke above 0.7718 resistance, suggesting that lengthier consolidation for the downtrend from 0.8124 (Sep 8 high) is underway. Further rally is still possible and next target would be at 0.7750. Above this level would aim 0.7800...
GBPUSD failed in its attempt to breakout of 1.3337 resistance and dropped sharply to 1.3040 area, facing the major support trend line on the daily chart. A clear break below this trend line will suggest that the...
EURUSD’s bounce from 1.1574 extended to as high as 1.1687. Further rally is still possible and next target would be at the support-turned-resistance level of 1.1725. Breakthrough this level could trigger further upside movement towards the falling...
The NZDUSD pair failed in its attempt to break below 0.6817 support and bounced off to 0.6940 area, suggesting that consolidation for the downtrend from 0.7557 is needed. Further rally would likely be seen in the coming...
USDCAD failed to breakout of 1.2916 resistance and pulled back to break below a bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2433 is underway. Range trading between 1.2780 and...
USDJPY is facing 114.45 resistance. A breakout of this level will indicate that the uptrend from 107.31 (Sep 8 low) has resumed, then further rise towards 115.50 resistance could be seen. Near term support is at 113.70,...
AUDUSD broke above the top trend line on the price channel on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is needed. Range trading between 0.7624 and 0.7718 could be expected to continue...
GBPUSD is facing 1.3337 resistance. As long as this level holds, the sideways movement between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 and another fall towards the major support trend line...
EURUSD moved sideways in a narrow range between 1.1574 and 1.1661 after breaking below the key support level at 1.1662 (Aug 17 low). The range trading is likely consolidation of the downtrend from 1.1879. As long as...
USDCNH recently broke below the bullish price channel on the 4-hour chart, suggesting that the short term uptrend from 6.5555 had completed at 6.6635 already. Further decline would likely be seen over the next several days. The...
