USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would...
After touching 0.9040 support, USDCHF rebounded from 0.9032, indicating that the fall 0.9114 is consolidation of the uptrend 0.8855. Another rise could be expected after consolidation, and next target would be at 0.9200 area. Support is now...
USDJPY’s bounce from 101.50 extended to as high as 102.35, as long as 102.45 resistance holds, the bounce would possibly be correction of the downtrend from 103.08, one more fall to test 100.75 support is still possible....
AUDUSD remains in downtrend from 0.9470, the rise from 0.9238 could be treated as consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD failed to break above 1.3444 resistance, and stayed in the trading range between 1.3333 and 1.3444, as long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
Many forex traders are only concerned with the headline non-farm payrolls figures released out of the US which have painted a not-so-bright picture themselves. The US economy continues to shed full-time positions and replaces them with part-time...
No changed in our view, USDCAD remains in uptrend from 1.0619. As long as 1.0875 support holds, another rise to 1.1050 area could be expected. Only break below 1.0875 support could signal completion of the uptrend.
USDCHF broke below 0.9040 support, indicating that the uptrend from 0.8855 had completed at 0.9114 already. Range trading between 0.9000 and 0.9114 would likely be seen over the next several days. Resistance is at 0.9114, only break...
USDJPY remains in downtrend from 103.08, the bounce from 101.50 would possibly be consolidation of the downtrend. Further decline to test 100.75 support would likely be seen after consolidation. Resistance is at 102.45, only break above this...
