GBPUSD consolidated in a range between 1.4350 and 1.5722 for several weeks. Rebound to 1.6500 zone would more likely be seen before breaking below 1.4350 level. Key resistance is now located at 1.5372, a break above this...
EURUSD’s downtrend extends further to as low as 1.3026 level. Deeper decline to 1.2800 to reach the next cycle bottom on daily chart is still possible next week, and the next cycle bottom is nearing. Initial resistance...
USDCAD breaks above 1.2394 resistance, suggesting that a short term uptrend is underway. Further rise is expected to 1.2700 zone, and sideways consolidation in a range between 1.1761 and 1.3015 is expected in next several weeks.
AUDUSD breaks below 0.6755 key support and reaches as low as 0.6560 level. Deeper decline is now in favor, target would be at the bottom border of the price channel on daily chart, now at 1.6285 level....
USDCAD remains in range trading between 1.1464 and 1.3015. Further pullback could be seen to 1.1600 level next week. Initial resistance is at 1.2070 and followed by 1.2394, and near term support is at 1.1464 level.
USDCHF might be forming a cycle top at 1.1277 on daily chart. Key support is now located at 1.0864, a break down below this level will confirm the cycle top, and then the following downtrend will bring...
USDJPY is forming a cycle top at 94.61 level on daily chart. Key support is located at 89.72, a break below this level will confirm the cycle top, and then the following downtrend will take price back...
AUDUSD breaks above 0.7140 resistance and reaches 0.7267 level only. Pullback to test 0.6755 support is possible next week. This level would more likely be held, and one more rise towards 0.7500 could be expected. Only fall...
GBPUSD rebounds from 1.4350. Further rise is still possible to test 1.5722 previous high resistance. A break above this level will indicate that the downtrend from 2.0158 (July 15, 2008 high) has completed, and then consolidation in...
EURUSD is moving to the next cycle bottom on daily chart. Initial resistance is located at 1.3797, as long as this level holds, we’d expect downtrend to continue, and target would be at 1.3100-200 area. However, above...
