GBPUSD broke above 1.6298 resistance, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 area. Near term support is at the...
EURUSD broke above 1.3861 resistance and reached as high as 1.4006, suggesting that the uptrend from 1.2874 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.4200 area....
USDCAD continued its downward movement from 1.0057, and the fall extended to as low as 0.9772 level. Deeper decline is expected next week and next target would be at 0.9600-0.9700 area. Resistance is at the downtrend line...
USDCHF broke below 0.9300 previous low support, suggesting that the long term downtrend from 1.1730 had resumed. Deeper decline could be seen in a couple of weeks and next target would be at 0.9000 area.
USDJPY had formed a cycle top at 83.96 level on daily chart. Deeper decline to test 80.30 key support is expected next week, a breakdown below this level will indicate that the long term downtrend from 94.98...
AUDUSD moved sideways in a narrow range between 0.9943 and 1.0199 for several days. Resistance is at 1.0199, a break above this level will indicate that the uptrend from 0.8066 has resumed, then next target would be...
Being contained by 1.6298 resistance, GBPUSD moved sideways in a range between 1.5962 and 1.6277 for several days. As long as 1.5962 support holds, uptrend from 1.5344 could be expected to resume and further rise to 1.5700...
EURUSD is facing 1.3861 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.3428 level on daily chart, and the uptrend from 1.2874 has resumed, then further rise to 1.4100-1.4200...
USDCAD broke below 0.9831 previous low and reached as low as 0.9815 level. Deeper decline could be expected next week and next target would be at 0.9700 area. Resistance is at 0.9905, as long as this level...
USDCHF’s rebound from 0.9328 extended to 0.9774 only, and failed to break above 0.9783 resistance. Deeper decline to re-test 0.9300 key support could be expected next week, a breakdown below this level will indicate that the long...
