EURUSD’s downward movement from 1.3700 extended to as low as 1.3185. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance levels are at 1.3300 and 1.3350, only break...
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No changed in our view, USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.1200 area. Support...
USDCHF’s upward movement from 0.8699 extended to as high as 0.9153. Further rise could be expected over the next several weeks, and next target would be at 0.9500 area. Support is at 0.9020, only break below this...
USDJPY broke above 104.12 resistance. Further rise to test 105.44 resistance would likely be seen, a break of this level will signal resumption of the long term uptrend from 75.57 (Oct 31, 2011 low), then next target...
AUDUSD stays in the trading range between 0.9202 and 0.9504. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, another rise to 1.0000 area...
GBPUSD is now in downtrend from 1.7190, and the fall extended to as low as 1.6560. Further decline could be expected over the next several weeks, and next target would be at 1.6000 area. Resistance is at...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3220. Further decline is still possible over the next several weeks, and next target would be at 1.3000 area. Resistance is located at the downward trend line...
The USD/JPY pair went back and forth during the course of the day on Friday, essentially showing that it is a very confused market. We don’t really believe that wholeheartedly, but would rather anticipate that we are...
The USD/CAD pair went back and forth on Friday, initially trying to break out but finding the 1.10 level too resistive yet again and formed a shooting star. The shooting star courses negative, but we do not...
