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...
GBPUSD has formed a cycle top at 1.5066 on daily chart. Further fall is expected to test 1.4110, a break below this level will indicate that the consolidation from 1.3503 has completed, and then deeper decline could...
EURUSD rebounds from 1.2884, suggesting that a cycle is being formed on daily chart. Further rise is expected to test 1.3392 key resistance next week. A break above this level will confirm the cycle bottom and indicate...
USDCAD rebound sharply from 1.1981 level, suggesting that a cycle bottom is being formed. Key resistance is now located at 1.2483, a break above this level will confirm the cycle bottom, and then further rally could be...