USDCAD breaks above 1.0933 key resistance, suggesting that a cycle bottom has been formed at 1.0632 level on daily chart. The pair is now in uptrend and further rise to 1.1550-1.1600 area is expected. Near term support...
After breaking above the resistance of the falling price channel on daily chart, USDJPY pulls back from 97.78, suggesting that a cycle top is being formed. Deeper decline to test 94.36 key support is now in favor...
USDCAD remains in downtrend from 1.1723 and deeper decline is possible to 1.0400-1.0500 area. Key resistance is now at 1.0933, a break above this level will indicate that a cycle bottom has been formed at 1.0632 on...
After breaking below 1.0590 previous low, USDCHF rebounds sharply from 1.0562, suggesting that the pair is back to range trading between 1.0562 and 1.1021. Further rise to re-test 1.1021 is possible next week. However, the price action...
USDJPY breaks above the resistance of the upper border of the falling price channel, suggesting that the downtrend from 101.43 has completed at 91.73 level already. Further rise to 99.00-100.00 area is expected next week and range...
No changed in our view, AUDUSD remains in uptrend from 0.6248. Further rise to 0.8500 zone to reach the next cycle top on daily chart is possible next week. Key support is now at 0.8124, a break...
GBPUSD is forming a cycle top at 1.7042 level on daily chart, key support is at 1.6339, a break below this level will confirm the cycle top, then deeper decline could be seen to 1.5900-1.6000 area. Long...
Being contained by the upper border of price channel on daily chart, EURUSD pulls back from 1.4447 level. Now the rise from 1.3748 is more likely a part of consolidation started from 1.4338. Further fall is in...
USDCHF breaks below 1.0590 previous low, suggesting that the downtrend from 1.1963 has resumed. Deeper decline to test 1.0366 (Dec 2008 low) support is possible in next several days. Key resistance is now at 1.1021, only rise...
EURUSD breaks above 1.4338 previous high resistance, suggesting that the uptrend from 1.2456 has resumed. Further rally is now in favor and target would be at 1.4700 zone. Key support is now at 1.4007, only fall below...
