AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next...
Being supported by the lower border of the falling price channel on daily chart, GBPUSD bounced from 1.4230 level. Range trading between 1.4230 and 1.4800 is expected in a couple of weeks. However, the bounce is more...
EURUSD remains in downtrend and the price action from 1.2144 is more likely consolidation of downtrend. Rang trading between 1.2144 and 1.2671 is expected to continue next week. Support is at 1.2144, a breakdown below this level...
USDCAD’s bounce from 0.9930 extends to as high as 1.0749 level. Further rally is still possible next week and next target would be at 0.0850-1.0900 area. Support is now at 1.0425 followed by the rising trend line...
USDCHF remains in uptrend from 1.0434 and the rise extended to as high as 1.1585 level. Further rally is still possible next week and next target would be at 1.1800 area. Support is at 1.1350, as long...
USDJPY’s fall from 93.62 extends to as low as 88.98 level. As long as 88.14 key support holds, we’d expect uptrend to resume and another rise towards 94.98 is still possible. Resistance is now at 91.00, a...
AUDUSD broke below the trading range between 0.8577 and 0.9404, and reached as low as 0.8071 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is now...
GBPUSD has reached the lower border of the falling price channel on daily chart. Minor consolidation of downtrend from 1.5522 would more likely be seen and range trading between 1.4230 and 1.4800 is expected in a couple...
After breaking below 1.2329 (Oct 28, 2008 low) previous low, EURUSD bounced from 1.2144, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.2144 and 1.3000 would more likely be seen in...
USDCAD formed a cycle top at 1.0735 level on daily chart. Range trading between 1.0110 and 1.0500 would more likely be seen next week. Support is at 1.0110, below this level could indicate that that downtrend from...
