USDCAD’s upward movement from 1.1919 extended to as high as 1.3353. Near term support is at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected...
USDJPY remains in long term uptrend from 75.57 (Oct 31, 2011 low), the fall from 125.85 is likely consolidation of the downtrend. Range trading between 116.13 and 125.85 would likely be seen over the next several weeks....
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7037. Near term resistance is located at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected...
GBPUSD failed to break above 1.5929 resistance, and stayed in the trading range between 1.5170 and 1.5929. Support is at 1.5170, as long as this level holds, the price action from 1.5814 could be treated as consolidation...
EURUSD broke above 1.1467 resistance, and reached as high as 1.1713. The subsequent fall from 1.1713 indicate that the uptrend from 1.0808 had completed. Further decline to test 1.0462 support could be expected over the next several...
USDCAD moved sideways in a narrow range between 1.2860 and 1.3213. Support is at 1.2860, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 1.1919, and further rise...
USDJPY failed to break above 125.85 resistance, indicating that lengthier consolidation for the uptrend from 115.56 is needed. Range trading between 120.41 and 125.85 would likely be seen over the next several weeks. Support is at 120.41,...
AUDUSD stays in the downward price channel on daily chart, and remains in downtrend from 0.8162. As long as the channel resistance holds, the downtrend could be expected to continue, and further decline to 0.6800 area is...
GBPUSD remains in uptrend from 1.4565, the price action from 1.5814 could be treated as consolidation of the uptrend. Sideways movement in a range between 1.5170 and 1.5929 could be expected to continue over the next several...
EURUSD is facing 1.1467 resistance, a break of this level will confirm that the uptrend from 1.0462 has resumed, then next target would be at 1.2500 area. Near term support is at 1.1100, only break below this...
