After touching 87.13 previous low, USDJPY rebounds sharply to 89.50 area. Deeper decline is still in favor after consolidation. Near term support is at 87.13, a break below this level will indicate that the downtrend from 94.61...
No changed in our view, AUDUSD remains in downtrend and the fall from 0.7267 extends further to 0.6418 level. Deeper decline is still in favor. Target would be at the lower border of the price channel, now...
GBPUSD is in downtrend and the fall from 1.5372 extends to 1.3503 level. Deeper decline is still possible next week. The next target would be around 1.3000 area. Initial resistance is now at 1.4025 and key resistance...
EURUSD remains in downtrend, and the fall from 1.4719 extends to as low as 1.2764 level. Deeper decline to 1.2650 zone to reach the next cycle bottom on daily chart is still possible, and the next cycle...
USDCHF rise above 1.1277 resistance, signifying further rally towards 1.1500 zone. Initial support is now at 1.1100 and key support is located at 1.0864, only break below this level will indicate that the rebound form 1.0366 has...
GBPUSD drops below 1.4350 previous low support, suggesting that the downtrend from 2.0158 (July 15, 2008 high) has resumed. Deeper decline could be seen to 1.3500 zone in next several days. Initial resistance is now located at...
USDCAD continues to move sideways between 1.1761 and 1.3015. Further rise is still possible to 1.2900 next week, and pullback would more likely be seen before breaking above 1.3015 previous high resistance.
USDCHF breaks above 1.1277 resistance and reaches 1.1287 only. Pullback would more likely be seen to retest 1.0864 key support next week. A break down below this level will indicate that the rebound from 1.0366 has completed,...
USDJPY breaks below 89.72 key support, suggesting that a cycle top has been formed at 94.61 on daily chart. Deeper decline is expected to test 87.13 previous low support. If this level gives way, the next target...
AUDUSD drops sharply to as low as 0.6537 level. Deeper decline is still possible to test the support of the lower border of the price channel, now at 0.6300. Initial resistance is at 0.6810, rise above this...
