GBPUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom is being formed at 1.5423. Key resistance is at 1.5779, a break above this level will signal completion of...
EURUSD is forming a cycle bottom at 1.3212 on daily chart. Key resistance is now at 1.3546, a break above this level will confirm the cycle bottom, then the following upward movement could bring price to 1.4500...
USDCAD is now in downtrend from 1.0523. Further fall could be expected in a couple of weeks, and next target would be at 0.9800 area. Resistance is at 1.0250, as long as this level holds, downtrend will...
After breaking above 0.9314 previous high, USDCHF pulled back from 0.9329, suggesting that a cycle top is being formed on daily chart. Deeper decline would likely be seen next week, and target would be at 0.8850 area....
USDJPY continued its sideways movement in a range between 75.57 and 79.52. Another fall towards 75.57 previous low would likely be seen over the next several weeks.
AUDUSD bounced strongly from 0.9663, and the rise extended to as high as 1.0327, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0751 had completed. Further rise would likely be...
GBPUSD stays within a downward price channel on daily chart, and remains in downtrend from 1.6164. As long as the channel resistance holds, downtrend could be expected to continue, and another fall towards 1.5272 is still possible...
Being supported by 1.3146 previous low, EURUSD rebounded from 1.3212. However, the bounce would possibly be consolidation of downtrend from 1.4246, one more fall to re-test 1.3146 support is still possible next week, a breakdown below this...
USDCAD’s bounce from 0.9891 extended to as high as 1.0523. Further rise towards 1.0656 previous high is still possible next week. Support is now at 1.0350, only break below this level could indicate that the rise is...
USDCHF broke above 0.9314 resistance, suggesting that the uptrend from 0.7067 has resumed. Further rise is expected next week, and next target would be at 0.9500. On the other side, the price action from 0.9314 could possibly...
