USDJPY continued its sideways movement in a narrow range between 108.60 and 109.84. Near term support is at 108.60, a breakdown below this level could take price to test 108.13 (Apr 17 low) key support. Resistance is...
AUDUSD is facing 0.7962 resistance once again. A break above this level will signal resumption of the uptrend from 0.7807, then next target would be at 0.8030 area. Support levels are at 0.7866 and 0.7807, only break...
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 1.3267 had completed at 1.2774 already. Further rise to test next resistance level at 1.3030 could...
EURUSD broke above 1.1909 resistance, indicating that the uptrend from 1.0569 (Apr 10 low) has resumed. Further rise could be expected in the coming days, and next target would be at 1.2000 area. Support is now at...
USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this...
USDJPY is facing 108.13 support, a breakdown below this level could take price to next support level at 106.50 – 105.00 area. Near term resistance is at 110.94, only break above this level could trigger another rise...
AUDUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 0.7328. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
GBPUSD remains in the upside movement from 1.1987, the fall from 1.3267 would possibly be consolidation of the uptrend. Near term support is a the bottom trend line of the price channel on the daily chart. As...
After consolidation, EURUSD extended its bullish movement to as high as 1.1941, suggesting that the uptrend from 1.0569 has resumed. Further rise could be expected in a couple of weeks, and next target would be at 1.2165...
The US dollar initially went sideways on Friday, but then broke down against the Japanese yen as Janet Yellen gave a somewhat dovish speech in Wyoming. Because of this, I think that the market is going to...
