USDCAD continued its sideways movement in a trading range between 1.2623 and 1.2916. As long as 1.2623 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.2061, and a...
USDJPY’s fall from 114.73 had completed at 110.84 already. Further rise to test 115.50 resistance would likely be seen in a couple of weeks, a breakout of this level will confirm that the long term uptrend from...
AUDUSD extended its downside movement from 0.8124 to as low as 0.7501. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next...
GBPUSD stays above a bullish trend line on its daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 2016 low), and the price action from 1.3657 could be treated as consolidation of the...
EURUSD broke below the rising trend line on the daily chart, indicating that the short term uptrend from 1.1554 had completed at 1.1961 already. Deeper decline to test 1.1554 support would likely be seen over the next...
USDCAD moved sideways in a narrow range between 1.2666 and 1.2916 after breaking below the rising trend line on the daily chart. As long as 1.2666 support holds, the sideways movement could be treated as consolidation of...
USDJPY is now in downtrend from 114.73, the bounce from 110.84 is treated as consolidation of the downtrend. Further decline would likely be seen next week and a breakdown below 110.84 support could trigger further downside movement...
AUDUSD broke above the falling trend line on the daily chart, indicating that consolidation for the downtrend from 0.8124 is underway. Further rally is still possible and next target would be at 0.7729. However, as long as...
GBPUSD extended its bounce from the rising trend line on the daily chart to as high as 1.3549. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will confirm...
EURUSD stays above a rising trend line on the daily chart and remains in the short term uptrend from 1.1554. As long as the price is above the trend line, the upside movement could be expected to...
