AUDUSD has reached the upper border of the rising price channel on daily chart. A minor consolidation is expected in next several days and pullback towards the lower border of the price channel would more likely be...
GBPUSD broke above 1.6125 key resistance and reached as high as 1.6399 level, suggesting that a cycle bottom has been formed at 1.5708 level on daily chart. Further rise to test the resistance of the falling trend...
EURUSD broke above 1.4843 previous high and reached as high as 1.4966 level, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Another rise towards 1.5100-1.5200 area is expected in a couple of weeks. Support...
After breaking below 1.0590 previous low, USDCAD drops sharply to as low as 1.0410. Further fall is still possible in a couple of weeks, and target of next week would be at 1.0200 zone. Resistance level is...
USDCHF remains in downward trend from 1.1021. Move sideways in a range between 1.0186 and 1.0452 is possible next week. However, the price action from 1.0186 is more likely consolidation of downtrend, as long as 1.0452 resistance...
USDJPY’s downtrend from 97.78 extended further to as low as 88.01 level. Resistance remains at the falling trend line from 97.78 to 92.53. As long as the trend line resistance holds, we’d expect downtrend to continue and...
AUDUSD’s uptrend extends further to as high as 0.9089 level. Move to the upper border of the rising price channel on daily chart is expected next week and consolidation could be seen after touching the channel resistance....
GBPUSD consolidated in a narrow range between 1.5770 and 1.6125 for several days. Deeper decline to 1.5300-1.5500 area could be seen next week and a break below 1.5770 level will signal resumption of downtrend. Resistance is now...
EURUSD remains in uptrend from 1.3748 and the price action from 1.4843 is more likely consolidation of uptrend. Range trading between 1.4484 and 1.4843 is expected next week, and another pullback towards 1.4484 is possible. As long...
USDCAD traded in a range between 1.0590 and 1.1124 for several weeks. Rise towards 1.1400-1.1500 area would more likely be seen after the sideways consolidation, and a break above 1.1124 will confirm such case. Near term support...
