After months of consolidating inside a symmetrical triangle pattern on its 4-hour time frame, EUR/JPY finally picked a direction when the ECB hinted that it could ease in June. The pair fell below the triangle support and...
USDCAD broke above 1.0910 resistance, indicating that the downtrend from 1.1053 had completed at 1.0813 already. The pair is now in uptrend from 1.0813, further rise could be expected, and the target would be at 1.1000 area....
USDCHF’s upward movement from 0.8702 extended to as high as 0.8877. Further rise is still possible, and next target would be at 0.8950 area. Support is at 0.8835, only break below this level will indicate that consolidation...
USDJPY broke above 102.00 resistance, indicating that the downward movement from 103.02 had completed at 101.43 already. Further rise could be expected, and next target would be at 102.40 area. Support is now at 101.43, only break...
AUDUSD remains in uptrend from 0.9202, the fall from 0.9394 is likely consolidation of the uptrend. Near term support is at 0.9315, as long as this level holds, the uptrend could be expected to resume, and next...
GBPUSD is facing the support of the lower line of the price channel on 4-hour chart. A clear break below the channel support will confirm that the uptrend from 1.6465 (Mar 24 low) had completed at 1.6996...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3745. Resistance is at 1.3795, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3650 area. On...
USDCAD broke below 1.0857 support and reached as low as 1.0813. However, lengthier consolidation of the downtrend from 1.1278 is possible next week, and one more rise to the top of the price channel on daily chart...
USDCHF failed to break below 0.8699 support and stays in a trading range between 0.8699 and 0.8952, indicating that lengthier consolidation of the downtrend from 0.9751 (Jul 9, 2013 high) is underway. Resistance is located at the...
USDJPY is facing 100.75 support again, a breakdown below this level will indicate that the uptrend from 93.79 (Jun 13, 2013 low) had completed at 105.44 already, then the following downward movement could bring price to 96.00...
