USDCAD broke below the upward price channel on daily chart and is now in downtrend from 1.3598. Further decline could be expected over the next several weeks, and next target would be at 1.2600 area. Resistance is...
USDJPY’s downward movement from 118.66 extended to as low as 112.05. Further decline is still possible in a couple of weeks and next target would be at 110.00 area. Near term resistance is at the downward trend...
AUDUSD’s upward movement from 0.7158 extended to as high as 0.7695. Further rise is still possible over the next several weeks, and next target would be at 0.8000 area. Support is now at 0.7500, only break below...
GBPUSD moved sideways in a trading range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050. As long as these levels hold, the price action from 1.1946 could be treated as consolidation of the downtrend...
EURUSD’s bounce from 1.0340 extended to as high as 1.0828. However, the bounce is likely consolidation of the downtrend from 1.1616 (May 3, 2016 high). Resistance is at the top of the price channel on daily chart....
USDCAD is testing that support of the bottom of the price channel on daily chart. As long as the channel support holds, the price action from 1.3588 could be treated as consolidation of the uptrend from 1.2460...
USDJPY remains in uptrend from 98.97 (Jun 24, 2016 low), the fall from 118.66 is likely consolidation of the uptrend. Range trading between 110.00 and 118.66 could be expected over the next several weeks. Support is at...
AUDUSD remains in uptrend from 0.7158. Further rise is possible over the next several weeks, and next target would be at 0.8000 area. Support is at 0.7300, only break below this level could trigger another fall towards...
GBPUSD is facing 1.2774 resistance. As long as this level holds, the price action in the trading range between 1.1946 and 1.2774 could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the rise from 1.0340 is likely consolidation of the downtrend. Further rally is possible in a couple of weeks, and the target would be at the top...
