Being contained by 1.0748 resistance, USDCAD pulled back from 1.0745 level. Another fall towards 1.0206 previous low is expected in a couple of weeks and a breakdown below 1.0405 support could signal resumption of downtrend.
USDCHF remains in uptrend from 0.9917 and the pullback from 1.0507 is treated as minor consolidation of uptrend. As long as 1.0300 support holds, we’d expect uptrend to resume and another rally towards 1.0600 is still possible....
USDJPY is moving towards 92.32 key resistance, a breakout of this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already. However, next cycle top on daily chart is nearing, minor consolidation...
AUDUSD is now in downtrend from 0.9404 and the fall extended to as low as 0.8734. further fall is still possible next week and next target would be at 0.8550-0.8600 area. Resistance is at 0.8920, as long...
GBPUSD remains in downtrend from 1.6875 and the fall extended further to as low as 1.5920. Deeper decline towards 1.5708 is still possible next week. Resistance is now at the falling trend line on daily chart now...
EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds,...
USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to...
USDCHF’s bounce from 0.9917 extended to as high as 1.0507 level. Further rally is still possible next week and next target would be at 1.0600 area. Support level is now located at 1.0300, below this level will...
USDJPY broke above the falling price channel on daily chart, suggesting another rally towards 92.32 key resistance, a break above this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already.
AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long...
