USDCHF is forming a cycle bottom at 0.9634 on daily chart. Consolidation could be seen in a range between 0.9634 and 1.0352 before breaking below 0.9634 level. Down trend will resume after consolidation, and a break below...
USDJPY’s down trend from 108.59 extends to as low as 95.77. The rebound from 95.77 suggests that the pair is forming a cycle bottom on daily chart. Consolidation could be seen in a range between 95.77 and...
AUDUSD formed a cycle top at 0.9496 level on daily chart. As long as the previous high resistance at 0.9496 holds, pullback to retest 0.8512 support is in favor, and a break down below 0.9127 level will...
GBPUSD breaks below the rising price channel support, and might be forming a cycle top at 2.0391 level on daily chart. Key support is at 1.9720, a break down of this support will confirm the cycle top...
EURUSD’s up trend extends to as high as 1.5902. The pullback from 1.5902 suggests that the pair is forming a cycle top on daily chart. Deeper decline to 1.5000 area is expected, and a break of 1.5500...
Today’s US Dollar Trading • USD takes another plunge on Fed action and liquidity fears• Equities have violent day, end positive• Lots of jawboning for a better USD Overnight Preview • Expect volatility and more rhetoric• Traders expect...
USDCAD is in consolidation to the long term down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still possible next week. Down trend will resume after consolidation and...
USDCHF’s down trend remains and drops sharply to as low as 0.9971 level. Further fall to 0.9800 area to reach the next cycle bottom is still possible next week. Key resistance is now at 1.0352, a break...
USDJPY’s down trend remains and dropped sharply to as low as 98.89. Further fall to 96.00 area to reach the next cycle bottom on daily chart is still possible next week. Key resistance is now at 103.59,...
AUDUSD formed a cycle bottom at 0.9147 level on daily chart. Sideways consolidation in a range between 0.9147 and 0.9496 is expected next week. A break below 0.9147 will signal the resumption of the down trend, and...
