GBPUSD broke above 1.6741 resistance, suggesting that the fall from 1.7042 has completed at 1.5708 level already. Further rise towards 1.7042 would more likely be seen next week. Support level is at 1.6251, below this level will...
EURUSD stays in a trading range between 1.4626 and 1.5062. Sideways movement in the range is expected next week. However, price action from 1.5062 is more likely consolidation of uptrend from 1.3748, as long as 1.4626 support...
USDCAD remains in upward trend from 1.0206 and the fall from 1.0852 is more likely consolidation of uptrend. Another rise towards 1.1124 is expected after consolidation, and a break above 1.0852 could signal resumption of uptrend. Support...
USDCHF’s rebound from 1.0032 is limited by the upper border of the falling price channel on daily chart. The fall from 1.0337 is more likely resumption of downtrend from 1.1021. Deeper decline is now in favor and...
USDJPY has formed a trading range between 88.01 and 92.32. Sideways movement in the range is expected in a couple of week, and another rise to 95.00 would more likely be seen after consolidation. However, a breakdown...
Being contained by the lower border of the rising price channel on daily chart, AUDUSD rebounded from 0.8916, suggesting that a cycle bottom has been formed. The rise from 0.8916 is now treated as resumption of uptrend,...
GBPUSD traded in narrow range between 1.6251 and 1.6692. Below 1.6251 will indicate that a cycle top has been formed at 1.6692 level on daily chart, then another fall towards 1.5708 is expected to follow. However, a...
After touching the lower border of the rising price channel on daily chart, EURUSD rebounded from 1.4626 level. The rise from 1.4626 is more likely resumption of uptrend from 1.3748, another rise towards 1.5200 is now in...
USDCAD’s rise from 1.0206 extended to as high as 1.0846. Further rise towards 1.1124 resistance is still possible next week. However, the rise from 1.0206 is more likely correction of long term downtrend, and another fall is...
After touching the lower border of the falling price channel on daily chart, USDCHF rebounded from 1.0032, suggesting a cycle bottom is being formed, further rise towards 1.0452 key resistance is expected, a break above this level...
