USDCAD broke below the lower line of the price channel on daily chart, suggesting that the uptrend from 0.9815 had completed at 1.0341 already. Further decline would likely be seen, and next target would be at 1.0000...
USDCHF traded in a narrow range between 0.9352 and 0.9567. Key support is at 0.9352, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 0.9021,...
USDJPY remains in uptrend from 77.14, the fall from 96.70 is likely consolidation of the uptrend. Deeper decline to 92.00 – 93.00 area to complete the consolidation is possible next week. Key support is at 90.93, only...
AUDUSD may be forming a cycle top at 1.0496 on daily chart. Pullback to 1.0200 – 1.0300 area would likely be seen in a couple of weeks. However, the fall from 1.0496 would possibly be correction of...
GBPUSD is facing the resistance of the downward trend line on daily chart, a clear break above the trend line resistance will indicate that the downtrend from 1.6339 had completed at 1.4831 already, then the following upward...
EURUSD’s downward movement from 1.3711 extends to as low as 1.2751. Further decline is still possible next week, and next target would be at 1.2500 area. Resistance is at 1.2950, only break above this level will signal...
The USD/JPY pair did almost nothing during Friday as the liquidity would’ve been low due to be Good Friday holiday. However, we are sitting just above the 94 handle, an area that we consider to be significant...
The USD/CAD pair had a slightly positive session during the low liquidity Friday trading hours, but remains underneath the 1.02 level. However, we ultimately believe that this pair needs to pull back to the 1.01 handle, and...
The GBP/USD pair had a very quiet session on Friday, as it was holiday trading. However, you can see that just above current levels we have a significant resistance level that is trying to be broken out...
The EUR/USD pair did very little during the low-volume holiday on Friday, but recent action shows that this pair is without a doubt bearish and its momentum. However, the 1.2750 level has offered enough support to cause...
