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...
USDCHF stays below the falling trend line on daily chart and remains in downward trend from 1.1021, and the rebound from 1.0186 is more likely consolidation of downtrend. As long as the trend line resistance holds, we...
USDJPY stays below the falling trend line from 97.78 to 92.53 and remains in downtrend. Deeper decline to test 87.12 long term critical support is possible after consolidation. Only rise above the trend line resistance will suggest...
AUDUSD remains in uptrend from 0.7703 and the fall from 0.8858 is more likely consolidation of uptrend. Near term support is at 0.8543, followed by the lower border of the rising price channel on daily chart now...
GBPUSD broke below 1.5801 support, confirming a bearish trend is under way. Deeper decline is still in favor and target would be at 1.5300 zone. Initial resistance is at 1.6150 followed by the falling trend line from...
EURUSD formed a cycle top at 1.4843 level on daily chart. Range trading between 1.4400 and 1.4843 is possible in a couple of weeks. However, the price action from 1.4843 is more likely consolidation of uptrend from...
USDCAD broke above 1.0925 resistance, suggesting that a cycle bottom has been formed at 1.0590 level on daily chart. Further rise towards 1.1124 resistance is now in favor, a break above this level will signal further rise...
USDCHF stays below 1.0422 resistance and remains in downtrend from 1.1021. Further fall is still in favor next week and target would be at 1.0100 zone. Near term resistance is at 1.0422 followed by the falling trend...
