EURUSD remains in downtrend from 1.3993, the rise from 1.3613 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance...
NZD/USD is currently testing a major support level, visible on the 4-hour forex time frame. Stochastic is already moving in the oversold area but has yet to cross higher and indicate a potential return of bullish momentum....
USDCAD remains in uptrend from 1.0813, the price action from 1.0926 could be treated as consolidation of the uptrend. Near term support is at 1.0850, as long as this level holds, the uptrend could be expected to...
USDCHF’s upward movement from 0.8702 extended to as high as 0.8971. Further rise could be expected, and next target would be at 0.9000 area. Near term support is at 0.8920, only break below this level could bring...
USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 103.02 had completed at 100.83 already. Further rise could be expected, and next target would be at 102.80 area....
AUDUSD is facing 0.9202 support, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement could bring price to 0.8900 area. Resistance is at 0.9273, only...
GBPUSD broke below 1.6830 support, indicating that the uptrend from 1.6731 had completed at 1.6920 already. Resistance is now at 1.6875, as long as this level holds, the fall from 1.6920 could be expected to continue, and...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3613. Further decline is still possible, and next target would be at 1.3500 area. Near term resistance is at 1.3660, only break above this level could bring...
USDCAD remains in downtrend from 1.1278, the rise from 1.0813 could be treated as consolidation of the downtrend. Key resistance is at 1.1053, as long as this level holds, the downtrend could be expected to resume, and...
USDCHF is testing the resistance of the upward price channel on daily chart. A clear break above the upper line of the channel will indicate that the downtrend from 0.9751 (Jul 9, 2013 high) had completed at...
