GBPUSD is in range trading between 1.3503 and 1.4985. Deeper decline to test 1.3503 previous low is still possible next week. However, this level will more likely be held, and rebound is expected before breaking below this...
EURUSD broke above the resistance of the falling wedge pattern, suggesting that a cycle bottom is being formed at 1.2456 on daily chart, key resistance is located at 1.2991, a break above this level will confirm the...
USDCHF breaks below 1.1459 key support, suggesting that a cycle top has been formed at 1.1883 level on daily chart and the rise from 1.0366 has completed at this level. Deeper decline is now in favor and...
USDCAD breaks above the long term key resistance at 1.3015 (Oct 28, 2008 high), signifying that the long term uptrend from 0.9056 (Nov 7, 2007 low) has resumed. Further rise is expected to 1.3500 zone in next...
Being contained by the long term key resistance at 1.3015 (Oct 28, 2008 high), USDCAD pulls back from 1.2973 level. Consolidation in a range between 1.2500 and 1.2973 is expected next week before breaking above 1.3015 resistance....
USDCHF consolidates above 1.1459 key support. Below this level will indicate that a cycle top has been formed at 1.1883 level on daily chart, and the medium uptrend from 1.0366 has completed. Near term resistance is at...
USDJPY’s medium term uptrend extend to as high as 99.67 level. Consolidation would more likely be seen before breaking above 100.54 previous high resistance. However, further rise is still possible to 102.00 zone after consolidation. Key support...
AUDUSD is in medium term downtrend from 0.7267. Deeper decline is possible to 0.6100 zone next week. Initial resistance is now at 0.6553, as long as this level holds, we’d expect the downtrend to continue.
GBPUSD breaks below 1.4051 support. Deeper decline could be seen next week and target would be at 1.3700-50 area. Key resistance is now locate at 1.4661, only above this level will indicate that a cycle bottom has...
EURUSD is in medium term downtrend. Deeper decline to 1.2350-1.2400 area to reach the next cycle bottom on daily chart is still possible next week. The price action from 1.2764 is more likely falling wedge pattern, a...
