USDCAD failed to break below 1.0206 support and bounced from 1.0224. Now the pair is forming a double bottom pattern on daily chart. Further rise to test 1.0852 key resistance is expected in a couple of weeks,...
As expected, USDCHF broke above 1.0507 resistance and reached as high as 1.0640 level. Further rally is still in favor next week and next target would be at 1.0800 area. Support is at 1.0450, as long as...
USDJPY stays in a falling price channel on daily chart and remains in downtrend from 93.75. One more fall towards 88.50 area to reach next cycle bottom is possible next week. Resistance is at the upper border...
AUDUSD formed a cycle top at 0.9327 level on daily chart. Support at 0.8734 would be re-tested next week, a breakdown below this level will suggest deeper decline towards 0.8500 area. Resistance is at 0.9000, as long...
GBPUSD has formed a cycle top at 1.6456 level on daily chart. Another fall towards 1.5708 previous low is expected next week, a breakdown below this level trigger further decline to 1.4800-1.5000 area. Resistance is at 1.6456,...
EURUSD’s downtrend form 1.5144 extended further to as low as 1.3861 level. Deeper decline is still possible next week and next target would be at 1.3500-1.3600 area. Resistance is at the falling trend line on daily chart....
Being contained by 1.0206 previous low support, USDCAD bounced sharply from 1.0224, suggesting that a cycle bottom had been formed on daily chart. Further rally to test 1.0748 resistance is expected next week.
As expected, USDCHF formed a cycle bottom at 1.0132 level on daily chart. Now the bounce from 1.0132 is treated as resumption of uptrend from 0.9917. Further rally is in favor and next target would be at...
USDJPY’s fall from 93.75 extends to as low as 89.78 level. Deeper decline is still possible next week and next target would be at 89.00 or even 88.00. Resistance is at 91.00, as long as this level...
AUDUSD failed to break above 0.9404 resistance and pulled back from 0.9327 level, suggesting that a cycle top had been formed on daily chart. Pullback towards 0.8734 previous low would more likely be seen next week.
