GBPUSD’s downward movement extended to as low as 1.6420. Deeper decline would likely be seen, and the target would be at the bottom of the price channel on 4-hour chart. Resistance is at 1.6520, only break above...
EURUSD broke below 1.3507 support and reached as low as 1.3479, indicating that the downtrend from 1.3892 has resumed. Deeper decline could be expected in a couple of days, and next target would be at 1.3400 area....
USDCAD continued its upward movement from 1.0182 and the rise extended to as high as 1.1224. Further rise could be expected after a minor consolidation, and next target would be at 1.1500 area. Initial support is at...
USDCHF stays within a downward price channel on daily chart, and remains in downtrend from 0.9751, the price action from 0.8890 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as...
USDJPY’s upward movement from 96.57 had completed at 105.44 already, the pair is now in downtrend. Further decline could be expected and next target would be at 98.00 area. Resistance levels are at 103.60 and 105.44, only...
AUDUSD remains in downtrend from 0.9756, the rise from 0.8660 could be treated as consolidation of the downtrend. Key resistance is at the upper line of the price channel on daily chart. As long as the channel...
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.5854, the fall from 1.6668 could be treated as consolidation of the uptrend. As long as the channel support holds, the uptrend...
EURUSD’s fall from 1.3892 extended to as low as 1.3479. Deeper decline is still possible, and the target would be at the lower line of the price channel on daily chart. However, as long as the channel...
The USD/JPY pair fell during the bulk of the session on Friday, testing the 102 level for support. This area of course did hold up, so it appears we may grind sideways for the short-term. The weekly...
The USD/CAD pair went back and forth during the session on Friday, ultimately printing a slightly negative candle. This just shows how much indecision there was in the market during this Friday session, but we still believe...
