EURUSD moved sideways in a trading range between 1.1662 and 1.1909. The sideways movement is likely consolidation of the uptrend from 1.0569 (Apr 10 low). As long as 1.1662 support holds, the uptrend could be expected to...
USDCAD stays in a falling price channel on its 4-hour chart, indicate that the pair remains in the downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue...
USDJPY is forming a sideways consolidation in a range between 108.60 and 109.82. Near term support is at 108.60, a breakdown below this level could trigger another fall to test 108.13 (Apr 17 low) support. Resistance is...
AUDUSD remains in uptrend from 0.7807, the fall from 0.7962 could be treated as correction of the uptrend. Another rise to test 0.7962 resistance is possible after the correction, and a breakout of this level could signal...
GBPUSD moved below 1.2811 support and extended its downside movement to as low as 1.2779. Near term resistance is located at the top trend line of the price channel on the 4-hour chart. As long as the...
EURUSD continued its sideways movement in a trading range between 1.1662 and 1.1909. As long as 1.1662 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further...
USDCAD remains in the short term downtrend 1.2778. Further decline to test 1.2413 support is still possible in the coming days. Near term resistance is at the top trend line of the price channel on its 4-hour...
USDJPY broke above 109.59 resistance, indicating that the short term downtrend from 110.94 is complete. Further rally could be expected in a couple of days and next target would be at 110.60 area. On the downside, as...
AUDUSD failed to break above 0.7962 resistance and pulled back to 0.7880 area. However, the fall would possibly be correction of the uptrend from 0.7807 and another rise towards 0.8065 could be expected after the correction. Support...
GBPUSD extended its downside movement from 1.3267 after failing in its attempt to break above 1.2915 resistance. Further decline is still possible and next target would be at 1.2750 area. Only break above 1.2915 resistance could signal...
