USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, a breakdown below this level will confirm the cycle top, then deeper decline towards 1.9406 previous low could be seen. Resistance...
USDCHF bounced strongly from 0.7067, suggesting that a cycle bottom has been formed on daily chart. Further rally could be expected in a couple of weeks, and target would be at the downtrend line. Key support is...
USDJPY is facing 76.29 support, a breakdown below this level could signal resumption of downtrend from 85.51, then next target would be at 73.00 area. Initial resistance is at 77.20, a break above this level could bring...
AUDUSD has formed a cycle bottom at 0.9927, and the fall from 1.1080 has completed. Further rise is expected after a minor consolidation, and next target would be at 1.0600-1.0700 area. Key support is at 0.9927, only...
GBPUSD’s rise from 1.5781 extended to as high as 1.6476, the subsequent fall is treated as consolidation of uptrend. Another rise could be seen after consolidation, and next target would be at 1.6600-1.6700 area.
EURUSD stays in a price channel on daily chart. As long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of the channel is possible. Key resistance is...
Risk appetites dropped.
The AUD/USD pair rose again on Thursday as the trading world continues its tug-o-war on a global scale. The AUD/USD caught a bid in a risk-seeking move, and we are presently at the top of the most...
The EUR/USD rose for a while on Thursday, but started to pull back in the later hours as the markets continue to go back and forth around the world. The pair is still grinding lower overall, and...
GBP/USD bounced on Thursday as traders bought into the markets, pushing risk higher again. However, this pair is finding a little bit of trouble at the 1.6300 area. This is roughly the area that once served as...
