GBPUSD broke below 1.2350 support, indicating that the uptrend from 1.2082 had completed at 1.2673 already. Deeper decline could be expected, and next target would be at 1.2050 area. Near term resistance is at 1.2510, only break...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and...
USDCAD’s upward movement from 1.2460 extended to as high as 1.3588. Support is now at 1.3264, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3800 area....
USDJPY broke above 107.48 resistance, indicating that the downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already. Further rise is still possible after a minor consolidation, and next target would be at 115.00 area....
AUDUSD broke below 0.7441 support, indicating that the uptrend from 0.7144 had completed at 0.7778 already. Further decline could be expected over the next several weeks, and the target would be at 0.6900 area. Resistance is at...
GBPUSD remains in downtrend from 1.5016, the bounce from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 could be expected over the next several weeks. Resistance is at 1.2700, as long as...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Further decline to test 1.0462 (Mar 13, 2015 low) support is possible next week. A breakdown below this level will indicate that the long term downtrend...
The USD/JPY pair initially fell on Friday but then continued the bullish pressure that we have seen. It now looks as if we are ready to go even higher, as the surprise election of Donald Trump has...
The USD/CAD pair struggled a bit during the day on Friday as we continue to meander around the 1.35 handle. Ultimately though, this is a market that has quite a bit of bullish pressure underneath, and as...
The British pound fell during the day on Friday, as we continue to reach towards the 1.23 level. If we can break down below there, the market should then reach towards the 1.21 handle below, or possibly...
