EURUSD broke above 1.0653 resistance, indicating that the pair is in short term uptrend from 1.0340. Further rise could be expected, and next target would be at 1.0800 area. Support is at the upward trend line on...
USDCAD’s downward movement from 1.3598 extended to as low as 1.3118. Further decline to test 1.3080 support is still possible. Key resistance is now at 1.3293, only break above this level could signal completion of the downtrend.
USDJPY broke below 114.73 support, indicating that the uptrend from 101.18 (Nov 9, 2016 low) had completed at 118.66 already. Further decline could be expected over the next several days, and next target would be at 112.50...
AUDUSD continued its upward movement from 0.7159 and the rise extended to as high as 0.7471. Support is now located at the upward trend line on 4-hour chart. As long as the trend line support holds, the...
GBPUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2774 (Dec 6, 2016 high). Near term resistance is at the top of the channel. As long as the channel resistance holds,...
USDCAD moved sideways in a narrow range between 1.3178 and 1.3277. As long as 1.3340 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3598, and further decline to 1.3100 area is...
USDJPY is testing 114.73 support, as long as this level holds, the fall from 118.66 could be treated as consolidation of the uptrend from 101.18 (Nov 9, 2016 low), and another rise towards 120.00 could be expected...
AUDUSD’s upward movement extended to as high as 0.7384. Support is at 0.7287, as long as this level holds, the uptrend could be expected to continue, and further rise to 0.7450 area is still possible. Only break...
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2107. Further decline is still possible and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels could...
EURUSD moved sideways below 1.0653 resistance. A break of this level will confirm that the pair is in uptrend from 1.0340, then the following upward movement could bring price to 1.0800 area. Near term support is at...
