EURUSD is forming a symmetrical triangle pattern in a range between 1.4309 and 1.4966. Near term resistance is at the down trend line from 1.4966 to 1.4921, pullback towards 1.4400 area to reach the next cycle bottom...
USDCAD dropped sharply from 1.0378 and reached as low as 1.0015 level. Further fall towards 0.9885 area is expected next week. However, the fall from 1.0378 is treated as consolidation to the up trend, previous low support...
USDCHF formed a cycle bottom at 1.0836 on daily chart. Consolidation to the down trend may be expected in the next several days, and further rebound towards 1.1189 to reach the next cycle top on daily chart...
USDJPY is in down trend. The fall from 114.77 extended to as low as 104.96, and further decline towards 104.00 area to reach the next cycle bottom on daily chart is still possible after consolidation. Near term...
AUDUSD is forming a cycle bottom at 0.8512 on daily chart. Further rise towards 0.9018 previous high is possible next week, a break above this level will confirm the cycle bottom, and rise towards 0.9398 is expected...
GBPUSD broke above the down trend line from 2.1161 to 2.0830. Correction to the down trend can be seen next week. However, down trend will resume after correction, and a break below 1.9337 previous low will signal...
No changed in our view, EURUSD is forming a symmetrical triangle pattern, and sideways consolidation in a range between 1.4309 and 1.4966 may be seen next week. Near term support is at the up trend line from...
No changed in our view, USDCAD broke above 1.0248 previous high and reached as high as 1.0378 level. Further rally towards 1.0750 area is expected. Near term support is at 1.0124, as long as this support holds,...
USDCHF formed a cycle bottom at 1.0836 on daily chart. Consolidation to the down trend may be expected in the next several days. Down trend will resume after consolidation, and a breakdown below 1.0836 is needed to...
USDJPY’s down trend remains. The fall from 114.77 extended to as low as 105.60, and further fall towards 105.00 area to reach the next cycle bottom on daily chart is still possible after consolidation. Near term resistance...
