EURUSD stays below a bearish trend line on the 4-hour chart and remains in the short term downtrend from 1.2092. As long as the trend line resistance holds, the downside movement could be expected to continue and...
USDCAD’s bounce from 1.2061 extended to as high as 1.2219. Further rally is still possible in a couple of days and the target would be at the bearish trend line on the daily chart now at 1.2515....
USDJPY is facing the resistance at 110.94. As long as this level holds, the rise from 107.31 could be treated as consolidation of the downtrend from 114.49 (Jul 11 high), another fall towards 106.50 is still possible...
AUDUSD extended its fall from 0.8124 to as low as 0.7970, facing the bottom support trend line of the price channel on the 4-hour chart. As long as the price is in the channel, the fall could...
GBPUSD pulled back from 1.3328, breaking below the bullish support trend line on its 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3159 and 1.3328 would likely be seen in...
EURUSD broke below the bullish trend line on the 4-hour chart. Further decline to test next support level at 1.1823 is possible. A breakdown below this level will confirm that the upside movement from 1.1662 had completed...
USDCAD broke above the bearish trend line on its 4-hour chart, suggesting that the downtrend from 1.2662 had completed at 1.2061 already. Further rally would likely be seen over the next several days and the target would...
USDJPY’s bounce from 107.31 extended to as high as 110.29. Further rise to test 110.94 key resistance could be expected after a minor consolidation. As long as the price is below 110.94 resistance, the bounce could be...
AUDUSD’s pullback from 0.8124 extended to as low as 0.7998. Further decline is still possible in a couple of days and next target would be at the bottom support trend line of the price channel on the...
GBPUSD broke above 1.3267 previous high resistance and extended its bullish movement from 1.2909 to as high as 1.3310. Near term support is at the rising trend line on the 4-hour chart. As long as the price...
