Being contained by the support of the lower line of the price channel on daily chart, USDCAD rebounded from 1.0180, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.0180 and 1.0341...
USDCHF breaks below the upward trend line on daily chart, suggesting that a cycle top is being formed at 0.9567. Further decline would likely be seen next week, and next target would be at 0.9250 area.
USDJPY may be forming a cycle top at 96.70 on daily chart. Pullback to 92.00 – 93.00 area would likely be seen next week. However, the fall from 96.70 would possibly be consolidation of the uptrend from...
AUDUSD is now in uptrend from 1.0115. Support is at 1.0340, as long as this level holds, further rise could be expected next week, and next target would be at 1.0600 area, only break below 1.0340 support...
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 remains in downtrend from 1.3711, the rise from 1.2843 is likely consolidation of the downtrend. Another fall to 1.2750 area would likely be seen next week. Key resistance is now at 1.3100, only break above this...
The USD/JPY pair fell during the Friday session, as we close below the 95 handle. However, the support level that extends all the way down to roughly 94.50, and as a result we still find this market...
The USD/CAD pair did very little during the session on Friday, ultimately ending up slightly lower. We are currently just above the 1.02 handle, which is a minor level at best by our calculations.
The GBP/USD pair rose during the session on Friday, finally closing the gap that happened a couple of weeks back. The real question now is whether or not we can continue higher.
The EUR/USD pair had a strong showing on Friday, slamming into the 1.30 level. The real question is what happens when we open up on Monday, as the Cypriot Parliament has voted into law several steps that...
