USDCAD’s downward movement from 1.3211 extended to as low as 1.3062. However, the fall would possibly be correction of the uptrend from 1.2968, and another rise towards 1.3300 could be expected after correction.
USDJPY broke above 113.95 resistance, indicating that the downward movement from 115.62 had completed at 111.59 already. Further rise to test 115.62 resistance could be expected in a couple of days, and a break of this level...
AUDUSD is facing 0.7695 resistance, a break of this level will indicate that the uptrend from 0.7159 (Dec 26, 2016 low) has resumed, then next target would be at 0.7800 area. On the downside, as long as...
EURUSD broke below 1.0620 support, indicating that the uptrend from 1.0340 had completed at 1.0828 already. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at...
USDCAD is now in downtrend from 1.3598. Further decline could be expected over the next several weeks, and next target would be at 1.2600 area. Resistance is at 1.3387, only break above this level could signal completion...
USDJPY’s fall from 118.66 extended to as low as 111.58. Near term resistance is now located at the top of the price channel on daily chart. As long as the pair stays in the channel, the downtrend...
AUDUSD remains in uptrend from 0.7158. Further rise is still possible over the next several weeks, and next target would be at 0.8000 area. Support is at 0.7500, only break below this level could bring price back...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Near term resistance is at 1.2774, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016,...
EURUSD stays in the downward price channel on daily chart, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated as consolidation of the downtrend. Further...
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