USDCAD’s upward movement from 1.2460 extended to as high as 1.3588. Support is now at 1.3264, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3800 area....
USDJPY broke above 107.48 resistance, indicating that the downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already. Further rise is still possible after a minor consolidation, and next target would be at 115.00 area....
AUDUSD broke below 0.7441 support, indicating that the uptrend from 0.7144 had completed at 0.7778 already. Further decline could be expected over the next several weeks, and the target would be at 0.6900 area. Resistance is at...
GBPUSD remains in downtrend from 1.5016, the bounce from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 could be expected over the next several weeks. Resistance is at 1.2700, as long as...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Further decline to test 1.0462 (Mar 13, 2015 low) support is possible next week. A breakdown below this level will indicate that the long term downtrend...
USDCAD continued its upward movement from 1.2460, and the rise extended to as high as 1.3548. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY is facing 107.48 resistance, a break of this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already, then further rise to 115.00 area could be seen....
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7778. As long as 0.7441 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000...
GBPUSD is facing 1.2700 resistance, a break of this level will indicate that the downward movement from 1.5016 had completed at 1.1946 already, then the following upward movement could bring price to 1.3500 zone. On the other...
EURUSD broke below 1.0851 support, indicating that the downtrend from 1.1616 has resumed. Further decline to test 1.0517 (Dec 3, 2015 low) support could be expected over the next several weeks. Resistance is at 1.1150, only break...
