After breaking above 0.8858 resistance, AUDUSD pulled back from 0.8870 level, suggesting that a cycle top is being formed on daily chart. Deeper decline to 0.8400 area would more likely be seen in a couple of weeks....
AUDUSD has formed a cycle bottom at 0.8315 level on daily chart. Now the rise from 0.8315 could possibly be resumption of uptrend from 0.8066. Further rally is still possible next week and target would be at...
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as correction of uptrend. As long as 0.8066 key support holds, one more rise to 0.9100 is still possible. Resistance is now at 0.8600,...
EUR/USD On the Daily Chart, we seem to have run out of steam on the upward climb from June 6th thru June 20th. As we corrected down from the June 20th HI at 1.2470, price has now...
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as consolidation of uptrend. Support is at 0.8450, as long as this level holds, we’d expect uptrend to resume and one more rise to...
Recently, the pair has been showing volatility as after the breakout of the neckline showed in our previous reports around 0.8605, Fibonacci 38.2% correctional level halted the short-term downside trend which took the pair to the upside...
USDCHF: We have been talking about this pair for sometime in light of its recent move against the Greenback. Analyzing a 4hr chart we see a great Head and Shoulders pattern appear signaling this move. The longer...
AUDUSD broke above 1.8550 key resistance and reached as high as 0.8729. Further rally is still possible next week and next target would be at 0.9000 area. Support level is at 0.8505, as long as this level...
The 38.2% correction held against the pair’s downside correctional attempts as seen on the daily chart below. The pair rushed to the upside to retest the breached neckline for the bearish pattern at 0.8605.
USDCAD: The pair which at best is volatile during breakouts has been trading a considerably more volatile pattern over the last 30 days. A break above or below the 200 day moving average typically signals a change...
