After consolidation, GBPUSD broke below 1.2346 support and continued its downward movement from 1.2706. Further decline could be expected and next target would be at 1.2000 area. Resistance is now at 1.2400, only break above this level...
EURUSD failed to break above the top of the price channel on 4-hour chart, indicating that the pair remains in downtrend from 1.0828, and the price action from 1.0521 could be treated as consolidation of the downtrend....
USDCAD continued its upward movement from 1.3009, and the rise extended to as high as 1.3325. Further rise is still possible over the next several days, and next target would be at 1.3500 area. Support is at...
USDJPY failed to break below 111.59 support and broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 114.95 is complete. Further rally could be seen in a couple of...
AUDUSD broke below the bottom of the price channel on 4-hours chart, implying that the uptrend from 0.7159 (Dec 26, 2016 low) had completed at 0.7740 already. Further fall to test 0.7605 key support is possible, a...
GBPUSD is facing 1.2346 support, a breakdown below this level will signal resumption of the downtrend from 1.2706, then the following downward movement could bring price to 1.2000 area.
EURUSD is facing he resistance of the downward price channel on 4-hours chart. As long as the pair stays in the channel, the price action from 1.0521 could be treated as consolidation of the downtrend from 1.0828,...
USDJPY is facing 111.59 support, a breakdown below this level will confirm that the downtrend from 118.66 (Dec 15, 2016 high) has resumed, then further decline to 111.00 area could be seen. Near term resistance is located...
AUDUSD is facing the support of the price channel on 4-hours chart. As long as the pair stays in the channel, the uptrend from 0.7159 (Dec 26, 2016 low) could be expected to continue, and next target...
GBPUSD failed to break above 1.2582 resistance and stayed in the trading range between 1.2346 and 1.2582. The price action in the trading range is likely consolidation of the downtrend from 1.2706. Further decline is possible after...
