GBPUSD’s bounce from 1.5829 reaches 1.6456 level only. The subsequent pullback suggests that a cycle top is being formed on daily chart. Deeper decline to test 1.5829 key support is expected next week. A breakdown below this...
As expected, EURUSD formed a cycle top at 1.4579 level on daily chart. Deeper decline is now in favor and next target would be at 1.3800 area. Resistance is at 1.4250, as long as this level holds,...
USDCAD is testing 1.0206 previous low support. Break below this level would more likely be seen next week and next target would be at 1.0000 area. Resistance is at 1.0420, as long as this level holds, downtrend...
USDCHF might be forming a cycle bottom at 1.0132 level on daily chart. Key resistance is located at 1.0420, a break above this level will confirm the cycle bottom, then another rise towards 1.0600-1.0700 could be seen....
USDJPY broke below 91.25 support. Deeper decline to 89.00-90.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at 92.20, a break above this level will indicate that a cycle...
AUDUSD’s bounce from 0.8734 extended to as high as 0.9327 level. Further rally to test 0.9404 resistance is still possible next week. However, pullback would more likely be seen before breaking above this level. Support level is...
GBPUSD broke above the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 1.5829 on daily chart. Now the pair is back to range trading between 1.5708 and 1.7042. Bounce to...
EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend...
USDCAD is in downtrend from 1.0745. Further fall is still possible next week and target is to test 1.0206 previous low support. Fall below this level to reach next cycle bottom on daily chart would more likely...
USDCHF formed a a cycle top at 1.0507 level on daily chart and the subsequent pullback is treated as consolidation of uptrend from 0.9917. Rang trading between 1.0100 and 1.0507 is expected in a couple of weeks....
