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...
USDJPY’s uptrend from 88.01 is limited by 92.53 key resistance. However, the fall from 92.32 is more likely consolidation of uptrend, another rise is still in favor, and a break above 92.32 level will signal further rally...
After touching the upper border of the rising price channel on daily chart, AUDUSD pulled back from 0.9326, suggesting that a cycle top has been formed. Range trading between 0.8567 and 0.9326 is expected. Key support is...
GBPUSD might be forming a cycle top at 1.6692 level on daily chart, key support is now located at 1.6251, a breakdown below this level will confirm the cycle top, then another fall could be seen to...
