EURUSD’s bearish movement from 1.5144 extends to as low as 1.2526 level. Deeper decline to test 1.2329 (Oct 28, 2008 low) support is still possible next week, sideways consolidation would more likely be seen before breaking below...
USDCAD traded in a range between 0.9930 and 1.0302 for several weeks. As long as 1.0302 resistance holds, the price action in the trading range is treated as consolidation of downtrend, and another fall to 0.9500 is...
USDCHF broke above 1.0898 previous high and reached as high as 1.0923 level. Further rally is still possible next week and next target would be at 1.1000 area. Support is now at 1.0700 followed by the lower...
USDJPY stays in a trading range between 91.60 and 94.68. Lengthier consolidation in the range is still possible in a couple of weeks. As long as 91.60 support holds, we’d expect uptrend from 88.14 to resume and...
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top has been formed on daily chart. Deeper decline towards 0.9001 support is expected next week. However, the fall from 0.9381...
GBPUSD remains in consolidation of long term downtrend from 1.7042 (Aug 5, 2009 high). One more rise to the upper border of the falling price channel to reach next cycle top on daily chart is expected in...
EURUSD’s downtrend from 1.5144 was limited by the lower boundary of the falling price channel on daily chart. However, the bounce from 1.3114 is more likely consolidation of downtrend. Another fall to 1.3000 area is still possible...
USDCAD’s downtrend extended further to as low as 0.9930. Deeper decline is still possible in a couple of weeks and next target would be at 0.9500 area. Resistance is now at the falling trend line on daily...
USDCHF breaks above 1.0785 resistance. Further rally towards 1.0898 previous high is still possible next week. As long as this level holds, we’d expect downtrend to resume and another fall to 1.0200 would more likely be seen,...
USDJPY is forming a cycle bottom at 91.60 level on daily chart. Key resistance is at 94.68, a break above this level will confirm the cycle bottom and indicate that the uptrend from 88.14 has resumed, then...
