USDCAD broke below the ascending price channel on daily chart, indicating that the upward movement from 1.2968 had completed at 1.3534 already. Another fall to 1.2900 area would likely be seen over the next several weeks. Resistance...
USDJPY remains in downtrend from 115.50, the rise from 110.11 is likely consolidation of the downtrend. Resistance is at 113.00, as long as the pair is below this level, the downtrend could be expected to continue, and...
AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 could be treated as consolidation of the uptrend. As long as 0.7490 support holds, the uptrend could be expected to resume, and further rise to 0.8000...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500 area...
After touching the top of the price channel on daily chart, EURUSD pulled back to 1.0650, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated...
USDCAD stays in a ascending price channel on daily chart, implying that the pair remains in uptrend from 1.2968, and the fall from 1.3534 would possibly be correction of the uptrend. As long as the pair is...
USDJPY broke below 111.58 support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 105.00 area. Near term resistance is at 113.00,...
AUDUSD failed to break above 0.7778 resistance again and pulled back to 0.7600 area, indicating that lengthier consolidation for the uptrend from 0.7158 is needed. However, as long as the pair stays above 0.7490 support, another rise...
GBPUSD is forming a sideways consolidation in a trading range between 1.1946 and 1.2774. As long as the pair is below 1.2774 key resistance, the long term downtrend from 1.5016 could be expected to resume and another...
EURUSD is testing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616 (May 3, 2016...
