GBPUSD broke below 1.5272 support, suggesting that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.5000 area. Resistance is now at...
EURUSD’s downward movement extended to as low as 1.2624. Resistance is at the upper line of the price channel on daily chart, as long as the channel resistance holds, downtrend could be expected to continue, and next...
Being supported by the lower line of the triangle pattern, USDCAD rebounded from 1.0076, suggesting that the fall from 1.0422 has completed. Further rise could be seen over the next several days, and the target is at...
USDCHF broke above 0.9546 previous high, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days, and the target would be at 1.0000. key support remains at 0.9244, as...
USDJPY moved sideways in a range between 75.57 and 79.52 for several weeks. Lengthier consolidation in the range could be seen in a couple of weeks. Now the pair might be forming a cycle bottom at 76.60...
AUDUSD broke above 1.0378 resistance, suggesting that the uptrend from 0.9663 has resumed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.0600 area. Support is at 1.0150, only break...
GBPUSD traded sideways in a range between 1.5362 and 1.5779 for several weeks. The price action in the range is likely consolidation of downtrend from 1.6164, and another fall to re-test 1.5272 support would likely be seen...
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Further decline is still possible over the next several days and next target would be at 1.2500 area. Resistance is at...
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper border of the pattern would likely be seen next week, a clear break above the pattern could bring price to 1.1000 area. On...
USDCHF remains in uptrend from 0.8569, the price action from 0.9546 is treated as consolidation of uptrend. Another rise towards 1.0000 could be expected after consolidation, and a break above 0.9546 could signal resumption of uptrend. Key...
