USDCHF breaks above 0.9437 resistance and reaches as high as 0.9498, suggesting that lengthier consolidation of the downtrend from 0.9971 is underway. Further rise could be expected next week, and next target would be at 0.9600 area.
USDJPY pulls back from 80.67, and the fall extends to as low as 79.07. However, the fall is likely consolidation of the uptrend from 77.14. Support is now at the lower line of the price channel on...
AUDUSD’s upward movement from 1.0149 extends to as high as 1.0480. Further rise is still possible next week, and next target would be at 1.0550 area. Support is at 1.0330, only break below this level will indicate...
GBPUSD’s downward movement from 1.6309 extends to as low as 1.5887. Further decline could be expected next week, and next target would be at 1.5700 area. Resistance is now at the downward trend line on daily chart,...
EURUSD breaks below 1.2803 support and reaches as low as 1.2690, suggesting that lengthier consolidation of the uptrend from 1.2042 is underway. Deeper decline is still possible next week, and next target would be at 1.2600 area.
The USD/JPY pair had a negative session for most of the trading day on Friday, but bounced from the 79 handle in order to form a hammer. This hammer suggests that we are going to continue to...
The USD/CAD currency pair broke out to the upside during the Friday session, but gave back much of the gains. Nonetheless, we are above the parity level and have made a new high at one point or...
GBP/USD try to breakout and above the 1.60 level on Friday, but was repelled and went much lower by the end of the session. In fact, we closed the very lows just below the 1.59 handle.
EUR/USD rallied initially on Friday, but failed to get above the 1.28 level which should now be resistance. Because of that break down, we believe that this pair goes much lower, perhaps as low as 1.24 before...
The AUD/USD pair tried to rally above the 1.04 handle during the Friday session, but was beat back and closed below it at the 1.0383 level.
