USDCHF moved sideways in a narrow range between 0.9003 and 0.9081. As long as 0.9003 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8903, one more rise to...
USDJPY remains in downtrend from 104.92, the rise from 100.75 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds...
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8979. Further rise to test 0.9085 resistance could be expected, a break above this level will signal completion of the longer term downtrend from 0.9756 (Oct 23,...
GBPUSD is in consolidation of the downtrend from 1.6668. Range trading between 1.6252 and 1.6400 would likely be seen in a couple of days. Resistance is at 1.6400, as long as this level holds, the downtrend could...
EURUSD’s rise from 1.3477 extended to as high as 1.3555. However, the rise is likely consolidation of the downtrend from 1.3739, another fall could be expected after consolidation, and next target would be at 1.3400 area. Resistance...
Europe started today’s sour economic news releases as the Service Sector PMI came in much weaker across the continent. The Eurozone Service PMI came in at 51.6 which missed estimates which called for an increase to 51.9....
Thanks to strong New Zealand jobs figures, NZD/USD made a stellar rally in the past trading session and climbed back above the .8200 handle. However, the pair might be encountering resistance right at that area, which has...
USDCAD moved sideways in a range between 1.1031 and 1.1224. As long as 1.1031 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0588, one more rise towards 1.1500...
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8903. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9135....
USDJPY remains in downtrend from 104.92, the rise from 100.75 could be treated as consolidation of the downtrend. Resistance is at 102.35, as long as this level holds, the downtrend could be expected to resume, and next...
