GBPUSD stays in the trading range between 1.5874 and 1.6226. The price action in the range is likely consolidation of the downtrend from 1.6524, another fall to 1.5600 area is still possible after consolidation, and a breakdown...
EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed. Further decline could be expected, and next target would be at 1.2200 area. Near term resistance is at 1.2570, only break...
USDCAD failed to break below the bottom of the upward price channel on daily chart, indicating that the pair remains in uptrend from 1.0619. Key support is now at 1.1121, as long as this level holds, the...
USDCHF is facing 0.9687 resistance, a break above this level will indicate that the uptrend from 0.8703 has resumed, then next target would be at 1.0000 area. Next term support is at the bottom of the price...
USDJPY broke above 110.08 resistance, and continued its upward movement from 101.06, and the rise extended to as high as 112.47. Further rise could be expected over the next several weeks, and next target would be at...
AUDUSD remains in downtrend from 0.9504, the rise from 0.8642 is likely consolidation of the downtrend. Resistance is at 0.8910, as long as this level holds, the downtrend could be expected to resume, and next target would...
No changed in our view, GBPUSD remains in downtrend from 1.7190, the price action from 1.6051 could be treated as consolidation of the downtrend. Key resistance is at 1.6524, as long as this level holds, the downtrend...
After consolidation, EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3993 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Key resistance is at...
The USD/JPY pair broke out during the session on Friday, clearing the 110 level in the process. That being the case, it appears of the market is ready to go much higher, and probably head to the...
The USD/CAD pair broke higher during the course of the day on Friday, but as you can see gave back about half of the gains. With that being the case, we feel that the market should continue...
