GBPUSD is in downtrend from 1.6182, the rise from 1.5790 is likely consolidation of the downtrend. Resistance is located at the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could...
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 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,...
GBPUSD has been steadily moving lower, as a descending trend line can be drawn to connect the recent highs of price action. At the same time, stochastic is indicating overbought conditions, suggesting that sellers could take control...
USDCAD’s upward movement from 1.0619 extended to as high as 1.1466. Support is located at the bottom of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to...
USDCHF stays in the upward price channel on daily chart, and remains in uptrend from 0.8703, and the rise extended to as high as 0.9739. Near term support is at the bottom of the price channel on...
USDJPY’s upward movement from 101.06 extended to as high as 115.50. Further rise could be expected over the next several weeks, and next target would be at 120.00 area. Support is at 113.00, only break below this...
After consolidation, AUDUSD continued its downward movement from 0.9504, and the fall extended to as low as 0.8540. Further decline could be expected over the next several weeks, and next target would be at 0.8000 area. Resistance...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.5790. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993, and the fall extended to as low as 1.2358. Near term resistance is at the upper line of the channel, as...
The USD/JPY pair continues to go higher, as we are fighting with the 115 level. We believe the pullbacks at this point time should be buying opportunities as the market continues to strive higher. We also believe...
