USDJPY breaks below 90.12 support and reaches as low as 89.51, suggesting that a cycle top has been formed at 92.53 level on daily chart. Now the downtrend from 97.78 has resumed. Deeper decline is expected next...
AUDUSD remains in uptrend from 0.7703 and the rise extends to as high as 0.8788 level. Further rise is still possible next week and next target would be at 0.8950-0.9000 area. Near term support is at 0.8543,...
GBPUSD broke below 1.6113 key support, suggesting that the uptrend from 1.3503 has completed at 1.7042 already. Deeper decline is now in favor and next target would be at 1.5300 zone. Near term resistance is now at...
EURUSD may be forming a cycle top at 1.4843 level on daily chart. Range trading between 1.4500 and 1.4843 would more likely be seen next week. However, the price action from 1.4843 is treated as consolidation of...
USDCAD broke below 1.0632 previous low support, suggesting that a cycle top has been formed at 1.1101 level on daily chart. The pair is now in downtrend and deeper decline is expected to 1.0500 zone next week....
USDCHF remains in downtrend from 1.1021. As long as the resistance of falling trend line on 4-hour chart holds, we’d expect downtrend to continue and deeper decline is possible to 1.0200 level next week. Near term resistance...
USDJPY remains in downtrend from 97.78 and the fall extended further to as low as 90.12 level. Consolidation in a range between 90.12 and 93.29 would more likely be seen next week. As long as 93.29 resistance...
AUDUSD remains in bullish movement from 0.6248. Further rise is still possible in a couple of week and target would be at 0.8900-0.9000 area. Near term support is at 0.8543, as long as this level holds, we’d...
GBPUSD continues its range trading between 1.5801 and 1.7042. The fall from 1.6741 suggests deeper decline to test 1.6113 key support, a breakdown below this level will indicate that the uptrend from 1.3503 has completed at 1.7042...
EURUSD trades around the upper border of the rising price channel on daily chart, a clear break above the channel resistance will signal a great move towards 1.5100-1.5200 area. Near term support is at 1.4515, below this...
