EURUSD remains in downward movement from 1.5144 and the bounce from 1.3443 is more likely consolidation of downtrend. Range trading between 1.3443 and 1.3838 is expected next week. As long as 1.3838 resistance holds, another fall towards...
USDCAD formed a cycle top at 1.0779 level on daily chart. Moving sideways without trend in a range between 1.0206 and 1.0852 is expected in next several weeks. Target for next week would be at 1.0250-1.0350 area.
USDCHF remains in uptrend from 1.0132 and the rise extends further to as high as 1.0898 level. Further rally is still possible next week and next target would be at 1.1000 area. However, next cycle top is...
USDJPY broke above the falling price channel on daily chart and bounced sharply to as high as 92.14, suggesting that a cycle bottom has been formed at 88.57 level. Another rise towards 95.00 is now in favor....
After breaking below 0.8734 support, AUDUSD bounced from 0.8577, taking price back to a trading range between 0.8577 and 0.9404. Further rally to 0.9200-0.9300 would more likely be seen after a minor consolidation. Key support is at...
GBPUSD’s downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at 1.5150 area. Key resistance is now located at 1.5815, as long as this level holds,...
EURUSD’s downward movement extends further to as low as 1.3443 level. Further decline is still possible next week and next target would be at 1.3300-1.3400 area. However, next cycle bottom is nearing, a break above 1.3838 key...
USDCAD dropped sharply from 1.0779, taking price back to range trading between 1.0206 and 1.0852. A cycle top has been formed at 1.0779 level on 4-hour chart. Deeper decline to 1.0300-1.0350 is expected in a couple of...
USDCHF’s uptrend extended further to as high as 1.0827 level. Further rally is still possible next week and next target would be at 1.0900 area. However, a breakdown below 1.0608 will indicate that a cycle top has...
USDJPY stays in a falling price channel and remains in downtrend from 93.75. As long as the channel resistance holds, we’d expect downtrend to resume and one more fall to 88.00 to reach next cycle bottom on...
