AUDUSD’s downward movement from 0.9401 extended to as low as 0.8920. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Near term resistance is at the downward trend line...
GBPUSD is now in uptrend from 1.6051, the fall from 1.6524 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart. As long as the trend line support holds, the...
EURUSD remains in downtrend from 1.3411, and the fall extended to as low as 1.2826. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...
USDCAD remains in uptrend from 1.0619, the price action from 1.0985 could be treated as consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and...
USDCHF’s upward movement from 0.8855 extended to as high as 0.9432. Further rise could be expected over the next several weeks, and next target would be at 0.9700 area. Support is at 0.9299, only break below this...
USDJPY continued its upward movement from 101.06, and the rise extended to as high as 109.45. Further rise is still possible, and next target would be at 115.00 area. Support is at 106.50, only break below these...
AUDUSD’s downward movement from 0.9504 extended to as low as 0.8913. Further decline could be expected over the next several weeks, and next target would be at 0.8500 area. Resistance is at 0.9120, as long as this...
GBPUSD broke above the downward trend line on daily chart, indicating that the downtrend from 1.7190 had completed at 1.6051 already. Range trading between 1.6051 and 1.6700 would likely be seen over the next several weeks. Resistance...
EURUSD’s downward movement from 1.3700 extended to as low as 1.2825. Further decline would likely be seen over the next several weeks, and next target would be at 1.2300 area. Resistance is now at 1.29954, only break...
The USD/JPY pair initially broke higher during the course of the day on Friday, but the 109.50 level offered enough resistance to turn things back around. Ultimately, we ended up forming a shooting star, so of course...
