USDCAD remains in downtrend from 1.3063. Deeper decline is expected to test 1.1761 previous low support next week. A break below this level will signal further fall to 1.1600 zone. Initial resistance is now at the falling...
USDCHF formed a cycle top at 1.1740 level on daily chart. Deeper decline to test 1.1159 support is possible next week. A break below this level will indicate that the fall from 1.1740 is resumption of the...
USDJPY has formed a cycle bottom at 95.62 level on daily chart and the fall from 101.43 has completed. Further rise is expected to test 101.43 resistance next week, a break above this level will signal further...
AUDUSD breaks above 0.7322 resistance and the rise from 0.6284 extends to as high as 0.7383 level. Further rally is still possible next week and the next target would be at 0.7500-0.7600 area. Key support is now...
GBPUSD stays in a trading range between 1.4397 and 1.5066. As long as 1.5066 resistance holds, we’d expect downtrend to resume, and pullback to test 1.4110 support is in favor. However, above 1.5066 will indicate that the...
EURUSD is testing 1.3392 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2884 level on daily chart, and then further rally could be seen to 1.3500-1.3600 area. If...
After touching 1.2500, USDCAD pulls back sharply to as low as 1.2072. The pair remains in downtrend from 1.3063. Deeper decline is expected to 1.1700 zone next week. Key resistance is now at 1.2504, only rise above...
USDCHF drops below the lower border of the price channel on daily chart, suggesting that a cycle top has been formed at 1.1740 level. Deeper decline is now in favor and the next target is to test...
USDJPY’s fall from 101.43 extends further to 96.63 level. Deeper decline is still possible next week and next target could be seen to 95.00-95.50 area. However, the price action from 99.67 is more likely consolidation of the...
AUDUSD remains in uptrend from 0.6284 and the price action from 0.7322 is more likely consolidation of the uptrend. Further rally is still possible to 0.7500-0.7600 area after consolidation. Key resistance is now located at 0.7322, a...
