USDCAD break above 1.0051 key resistance, suggesting that the downtrend from 1.0523 has completed at 0.9799 already. Further rally could be seen next week, and next target would be at 1.0200 area. Key support is at 0.9799,...
USDCHF is facing 0.9333 resistance, a break above this level will signal resumption of the uptrend from 0.8931, then further rise to test 0.9594 previous high resistance could be seen. Support is at 0.9230, only break below...
USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 84.17. Resistance is located at the upper border of the channel, as long as the channel resistance holds, downtrend could be expected...
AUDUSD’s downward movement from 1.0474 extends to as low as 1.0018. Further fall could be expected next week, and next target would be at 0.9600-0.9700 area. Resistance is at 1.0150, as long as this level holds, the...
GBPUSD has formed a cycle top at 1.6301 on daily chart. Further decline to test the support of the upward trend line could be seen next week, a clear break below the trend line could signal completion...
EURUSD breaks below 1.2975 support, suggesting that the downtrend from 1.3486 has resumed. Further decline could be expected next week, and next target would be at 1.2700-1.2800 area. Resistance is at the downward trend line on daily...
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
The USD/JPY pair rose during the Thursday session as the 200 day exponential moving average acted in a supportive manner. The pair has been one that has been capturing much of the attention lately as it is...
The USD/CAD has been range bound for some time, and the Thursday session looks as if the market is trying to refuse the concept of going back into the box. The parity level has been very resistive...
The GBP/USD pair had a back and forth session on Thursday to trigger a buy signal on a break of the hammer top from the previous session. However, the pair also drew back a bit to form...
