USDCAD breaks above 1.2123 previous high resistance and reaches as high as 1.2207 level. Further rise is still possible to 1.2400 zone. However, the rise from 1.1304 is treated as a part of consolidation started from 1.2123,...
USDJPY is forming a sideways consolidation in a range between 97.91 and 103.06. A cycle top has been formed at 103.06 level on daily chart and deeper decline to retest 95.77 (Mar 17 low) is now in...
GBPUSD breaks below 1.6786 support and down trend resumes. Deeper decline could be seen to 1.6000 zone in next several days. Initial resistance is located at 1.7630, as long as this level holds, we’d expect down trend...
EURUSD breaks below 1.3258 support and the down trend from 1.6038 extends further to as low as 1.3001 level. Deeper decline towards 1.2500 zone to reach next cycle bottom on daily chart is still possible in next...
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USDCAD formed a cycle top at 1.2123 on daily chart. Pullback could be seen to 1.1500 level next week and consolidation in a range between 1.1000 and 1.2123 is expected in next several weeks. Key resistance is...
USDCHF breaks above 1.1486 resistance and pulls back from 1.1488 level. Further rise is still possible to 1.1700 zone next week. Initial support is located at 1.1128, and followed by the up trend line 1.0010 to 1.0693,...
USDJPY is in consolidation to down trend. Further rally to 104.00 zone to reach the next cycle top on daily chart is still in favor, and the next cycle top is nearing. As long as the trend...
AUDUSD remains in down trend. The rebound from 0.6330 is treated as correction to down trend. Deeper decline is still possible to 0.6000 zone after correction. Initial resistance is now located at 0.7425, only rise above this...
GBPUSD remains in down trend. The rebound from 1.6786 is treated as consolidation to down trend. Further fall is expected towards 1.6500 zone after consolidation, and a break below 1.6786 level will signal resumption of down trend....
