GBPUSD broke above 1.4900 resistance, indicating that the downtrend from 1.5551 had completed at 1.4634 already. The pair is now in uptrend, further rise would be expected after consolidation, and the target would be at 1.5350 –...
EURUSD broke above 1.0700 resistance, indicating that the downtrend from 1.1450 had completed at 1.0462 already. However, the rise from 1.0462 would possibly be consolidation of the long term downtrend from 1.3993 (May 8, 2014 high), range...
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2406. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
USDJPY moved sideways in a narrow range between 120.66 and 122.02. As long as 120.66 support holds, the price action in the range could be treated as consolidation of the uptrend from 118.23, another rise to 125.00...
AUDUSD remains in downtrend from 0.7912, the rise from 0.7560 is likely consolidation of the downtrend. Near term resistance is at the top of the channel, as long as the channel resistance holds, the downtrend could be...
GBPUSD remains in downtrend from 1.5551, the rise from 1.4698 is likely consolidation of the downtrend. Resistance is at 1.4900, as long as this level holds, the downtrend could be expected to continue and next target would...
EURUSD remains in downtrend from 1.1450, the rise from 1.0462 is likely consolidation of the downtrend. Range trading between 1.0462 and 1.0700 is possible in a couple of days. As long as 1.0700 resistance holds, the downtrend...
USDCAD’s upward movement from 1.2406 extended to as high as 1.2823. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 118.23. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
AUDUSD stays within the downward price channel on 4-hour chart, and remains in downtrend from 0.7912. Near term resistance is at the top of the channel, as long as the channel resistance holds, the downtrend could be...
