AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise towards 0.9404 previous high is still possible after consolidation, and a break above this level will trigger another rise...
GBPUSD is in consolidation of downtrend from 1.7042 (Aug 5, 2009 high). Further rise towards the upper boundary of the falling price channel is expected next week and pullback would more likely be seen after touching the...
EURUSD’s downtrend from 1.5144 extends to as low as 1.3202 level. Deeper decline to 1.3000 to reach next cycle bottom on daily chart is still possible, and next cycle bottom is nearing. Resistance is now at the...
USDCAD breaks above the upper boundary of the falling price channel on daily chart, suggesting minor consolidation of downtrend from 1.0779 is underway. Further rally towards 1.0302 is expected next week. As long as this level holds,...
USDCHF has formed a cycle top at 1.0785 level on daily chart. Fall to 1.0200-1.0300 to reach next cycle bottom is expected in a couple of weeks. Key resistance is now located at 1.0785, only rise above...
USDJPY has formed a cycle top at 94.68 level on daily. Deeper decline is now in favor and next target would be at 90.00-91.00 area. Resistance is now at 93.70, only rise above this level could indicate...
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top is being formed on daily chart. Deeper decline towards the lower border of the rising price channel is expected next...
GBPUSD is in consolidation of long term downtrend from 1.7042 (Aug 5, 2009 high). Rise towards the upper boundary of the falling price channel on daily chart is still possible next week. As long as the channel...
EURUSD stays in a trading range between 1.3267 and 1.3817. As long as 1.3817 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.5144 and another fall towards 1.3000 area...
USDCAD stays in a falling price channel on daily chart and remains in downtrend from 1.0779. Another drop towards 0.9900 could be seen next week after a minor consolidation. Resistance is at the upper border of the...
