USDCAD remains in downtrend from 0.9973, the bounce from 0.9526 is treated as minor consolidation of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at 0.9400 zone. Resistance is...
USDCHF broke below 0.8922 previous low support, suggesting that the downtrend from 1.1730 (Jun 1, 2010 high) has resumed. Deeper decline could be seen in a couple of weeks, and next target would be at 0.8700 zone.
USDJPY had formed a cycle top at 85.51 level on daily chart. Pullback to 80.00 area would likely be seen in a couple of weeks. Key resistance is now at 85.51, only break above this level could...
AUDUSD remains in uptrend from 0.9704. The price action from 1.0581 is likely minor consolidation of uptrend. Support is at 1.0380, followed by 1.0280, as long as these levels hold, we’d expect uptrend to resume, and another...
After breaking above 1.6400 resistance, GBPUSD’s rise from 1.5936 is treated as resumption of uptrend from 1.5344. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 zone. Support is...
EURUSD remains in uptrend from 1.2874, and the rise extended to as high as 1.4519. Further rise could be seen in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300,...
USDCAD’s downward move from 1.0672 extended to as low as 0.9526. Further fall is still possible in a couple of weeks, and next target would be at 0.9300-0.9400 area. Resistance is at 0.9650, as long as this...
USDCHF has formed a cycle top at 0.9339 level on daily chart. Deeper decline towards 0.8922 previous low could be seen next week, a breakdown below this level will indicate that the downtrend from 1.1730 (Jun 1,...
USDJPY’s upward move from 76.40 extended to as high as 85.51. Support is at 83.85, as long as this level holds, uptrend could be expected to continue, and next target would be at 87.50 area. However, a...
AUDUSD continued its upward movement from 0.9704 and reached as high as 1.0581. Further rise is expected next week, and next target would be at 1.0800 area. Support is at 1.0450, as long as this level holds,...
