USDCAD seems to be tired from its climb, as a double top pattern formed on its 1-hour time frame. Price is still testing the neckline at the 1.3400 major psychological level before conrfirming this reversal signal. A...
USDCAD’s downward movement from 1.3588 extended to as low as 1.3386. Further decline could be expected in a couple of days, and next target would be at 1.3250 area.
USDJPY remains in uptrend from 101.18, the fall from 111.36 is likely consolidation of the uptrend. Key support is at 108.50, as long as this level holds, the uptrend could be expected to continue, and next target...
AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Range trading between 0.7310 and 0.7460 is possible in a couple of days. Resistance is located at the top of the...
GBPUSD’s downward movement from 1.2673 had completed at 1.2302 already. Further rise to test 1.2673 resistance is possible in a couple of days, a break of this level will confirm that the uptrend from 1.1946 (Oct 7...
EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.1299 had completed at 1.0569 already, then further rally to...
EURAUD has formed a double bottom on its 1-hour time frame, signaling that price may be tired from its drop. The pair has yet to break past the neckline around 1.4550-1.4600 before confirming the potential climb. ...
USDCAD failed to break above 1.3588, indicating that the pair remains in downtrend from 1.3588. Deeper decline is possible, and the target would be at 1.3250 area. On the upside, a break of 1.3588 resistance will signal...
USDJPY stays above the upward trend line on 4-hour chart and remains in uptrend from 101.18. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
AUDUSD continued its downward movement from 0.7778, and the fall extended to as low as 0.7313. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7420,...
