USDCAD broke above 1.3387 resistance, indicating that the long term uptrend from 1.2460 (May 3, 2016 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area....
USDJPY formed a sideways consolidation in a range between 111.58 and 115.62. As long as 115.62 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 118.66, and further decline to 110.00 area...
AUDUSD failed to break above 0.7778 resistance and pulled back from 1.0340, indicating that the upward movement from 0.7158 had completed. Further decline would likely be seen in a couple of weeks, and the target would be...
GBPUSD moved sideways in a range between 1.1946 and 1.2774 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.5016. Further decline could be expected after consolidation and next target would be at...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. Resistance is at the top of the price channel on daily chart. As long as the...
USDCAD remains in downtrend from 1.3598, the rise from 1.2968 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2600 area. Resistance is at 1.3387, only break...
USDJPY remains in downtrend from 118.66. As long as the pair stays below 115.62 resistance, the downtrend could be expected to continue, and next target would be at 110.00 area. On the upside, a break of 115.62...
AUDUSD remains in uptrend from 0.7158. Further rise is still possible after a minor consolidation, and next target would be at 0.8000 area. Key support is at 0.7511, only break below this level could bring price back...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050, as long as these levels hold, the sideways move could be treated as consolidation of the downtrend from...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the downtrend could be expected to resume, and further fall...
