USDJPY formed a cycle bottom at 80.93 level on daily chart. The price action from 80.30 is treated as consolidation of downtrend from 94.98. Further rise towards 85.50 area to complete the consolidation would likely be seen.
AUDUSD may be forming a cycle bottom at 0.9803 level on daily chart. Resistance is at 1.0020, a break above this level will confirm the cycle bottom and indicate that the fall from 1.0255 is complete, then...
GBPUSD failed to break below 1.5296 key support and bounced to as high as 1.5888 level. Now the pair is facing 1.5910 resistance, a break above this level will confirm that the rise from 1.5344 is resumption...
EURUSD bounced strongly from 1.2874, suggesting that a cycle bottom had been formed on daily chart. Now the pair is facing 1.3497 key resistance, as long as this level holds, the price action from 1.2969 is treated...
USDCAD remains in downtrend. Deeper decline is still possible next week and next target would be at 0.9800 area. Resistance is at 1.0035, as long as this level holds, downtrend could be expected to continue. However, a...
USDCHF bounced strongly from 0.9300, suggesting lengthier consolidation of downtrend from 1.1730 is underway. Further rally is expected in next several weeks and target would be at 1.0000 area. Support is at 0.9300, only break below this...
USDJPY bounced strongly from 80.93, suggesting that a cycle bottom had been formed on daily chart. Lengthier consolidation of downtrend from 94.98 would likely be seen and further rise towards 84.50 resistance is expected next week, above...
AUDUSD remains in uptrend from 0.8066, the price action from 1.0182 is treated as consolidation of uptrend. Lengthier consolidation is expected in a couple of weeks and pullback to 0.9600 area to complete the consolidation would likely...
GBPUSD stays in a trend line from 1.6298 to 1.5910 and remains in downtrend, the bounce from 1.5344 is treated as consolidation of downtrend. As long as the trend line resistance holds, downtrend is expected to continue...
After a sideways consolidation, EURUSD continued its downward movement from 1.4281 and reached as low as 1.2904 level. Further decline is still possible next week and next target would be at 1.2600-1.2700 area. Key resistance is at...
