USDCAD failed to breakout of 1.3124 resistance and pulled back from 1.2997. Further decline would likely be seen over the next several weeks and the target would be at the bottom support trend line of the price...
USDJPY remains in the uptrend from 104.63. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 112.00 area....
AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7412 is likely consolidation for the downtrend. Range trading between 0.7412 and 0.7600 would likely be seen in a couple of days. As long as 0.7600 resistance...
GBPUSD remains in the downtrend from 1.4376. Further decline would likely be seen after a minor consolidation and next target would be at 1.3100 area. Resistance is at 1.3800, only a breakout of this level could signal...
EURUSD remains in the downtrend from 1.2555, the bounce from 1.1822 is likely consolidation for the downtrend. Range trading between 1.1822 and 1.2100 is possible in a couple of weeks. As long as 1.2100 resistance holds, the...
USDCAD’s bounce from 1.2526 extended to as high as 1.2917. Further rise is still possible in the coming days and next target would be at 1.3100 area. Near term support is at 1.2785, a breakdown below this...
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.63. As long as the price is in the channel, the pullback from 110.03 could be treated as consolidation for...
AUDUSD broke below 0.7501 support and extended its downside movement from 0.8135 to as low as 0.7472. Further decline is still possible after a minor consolidation and next target would be at 0.7350 area. Near term resistance...
GBPUSD broke below 1.3711 key support and extended its downside movement from 1.4376 to as low as 1.3486, suggesting that the upside movement from 1.1946 (Oct 7, 2016 low) had completed at 1.4376 already. Further decline would...
EURUSD’s downside movement from 1.2555 extended to as low as 1.1911. Further decline is still possible in a couple of weeks and next target would be at 1.1700 area. Near term resistance is at 1.2050, a break...
