AUD/USD suffered a sharp selloff towards the end of last week, when the world economic leaders in Davos confirmed that a slowdown is in the cards for the emerging nations. It didn’t help that China also printed...
USDCAD remains in uptrend from 1.0588, the fall from 1.1173 could be treated as consolidation of the uptrend. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support...
USDCHF’s downward movement from 0.9156 extended to as low as 0.8903. Further decline would likely be seen after a minor consolidation, and next target would be at 0.8850 area. Resistance is at 0.8990, only break above this...
USDJPY’s downward movement from 104.84 extended to as low as 101.77. Further decline could be expected after a minor consolidation, and next target would be at 100.50 area. Resistance is at 103.00, as long as this level...
AUDUSD’s downward movement from 0.9085 extended to as low as 0.8660. Resistance is located at the downward trend line on 4-hour chart, as long as this trend line resistance holds, the downtrend could be expected to continue,...
Being contained by the upper line of the price channel on 4-hour chart, GBPUSD pulled back to 1.6474, suggesting that the upward movement from 1.6309 had completed at 1.6668 already, and consolidation of the longer term uptrend...
EURUSD broke above 1.3699 resistance, indicating that the downward movement from 1.3892 had completed at 1.3507 already. Now the pair is in uptrend from 1.3507, further rise could be expected, and next target would be at 1.3800...
USDCAD’s upward movement from 1.0182 extended to as high as 1.1173. Further rise could be expected after a minor consolidation, and next target would be at 1.1500 area. Initial support is at 1.1000, and the key support...
Being contained by the upper line of the price channel on daily chart, USDCHF dropped down from 0.9156. The fall would possibly be resumption of the downtrend from 0.9751. Further decline to test 0.8799 previous low support...
USDJPY broke below 102.85 support, suggesting that the uptrend from 96.57 had completed at 105.44 already. Further decline would likely be seen over the next several weeks, and the target would be at 95.00 area. Key resistance...
