USDCHF remains in downward move from 1.1730. Resistance is at 1.0450, as long as this level holds, downtrend is expected to continue and next target would be at 1.0100 area. Key resistance is at 1.0675, only break...
USDJPY may be forming a cycle bottom at 83.62 level on daily chart. Key resistance is at the falling trend line from 92.88 to 88.11, a clear break above the trend line resistance will confirm the cycle...
AUDUSD might be forming a cycle bottom at 0.8771 level on daily chart. Further rally to test 0.9079 key resistance is expected next week, a break above this level will confirm the cycle bottom, then another rise...
GBPUSD remains in downward movement from 1.5997 and the fall extended to as low as 1.5372. Deeper decline is still possible next week and target would be at 1.5300 area. Key resistance is at 1.5701, only break...
EURUSD’s fall extended to as low as 1.2587. Key resistance is at 1.2921, as long as this level holds, downtrend is expected to continue and next target would be at 1.2500 area. However, above 1.2921 will indicate...
The index succeeded in completing the bearish head & shoulders pattern which we mentioned before with the neckline at 1040.00; the index breached the neckline though lacked the downside momentum to reach the targets in addition to...
Trading exited the main ascending channel to correct the entire upside wave which started from 745.00 to the top at 1752.50, this downside correction is finding difficulty in breaching 23.6%. As seen above, trading is restricted within...
Support Levels: 1.0450, 1.0380, 1.0244Resistance Levels: 1.0680, 1.0858, 1.0990On a 4-hour chart USD/CAD has recoiled from the resistance level of 1.0680 after a strong uprising movement. However, the short term attitude to the currency pair remains bullish....
Crude breached resistance for resistance for the bearish channel yesterday, where we notice that the bullish wave is wedged within the rising wedge that has breached its support, where it holds the ability help crude return within...
EURUSDThe pair was stuck above resistance for the previously breached bearish channel and below the retest level 1.2730; whereas momentum indicators lost bullish momentum and thereby maintaining chances of achieving yesterday’s suggested bearish scenario intact. We expect a...
