GBPUSD broke above the resistance of the rising trend line on its 4-hour chart, suggesting that the pair is in short term uptrend from 1.2769. Further rise towards 1.3047 previous high would likely be seen in a...
EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a...
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance....
USDCAD moved sideways in a trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3793, and further decline towards...
USDJPY broke below 110.23 support and continued its downward movement from 114.36. Further decline to test 108.13 (Apr 17 low) support is possible after a minor consolidation. Near term resistance is at 109.90, only a break of...
AUDUSD broke above 0.7517 resistance. Further rise is still possible in a couple of days and next target would be at around 0.7550. Near term support is at 0.7457, only a breakdown below this level could signal...
GBPUSD’s bounce from 1.2769 extended to as high as 1.2949. However, the bounce would possibly be correction of the downtrend from 1.3047. As long as the pair is below the ascending trend line on its 4-hour chart,...
EURUSD remains in uptrend from 1.1109. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could take...
After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the downtrend continue? There is...
USDCAD broke below the ascending trend line on its 4-hour chart, indicating that the rise from 1.3387 is complete. Deeper decline to test 1.3387 support would likely be seen and a breakdown below this level will confirm...
