After touching 1.5590 support, GBPUSD bounced back into the trading range between 1.5590 and 1.5825, indicating that lengthier consolidation for the downtrend from 1.6182 is needed. However, as long as 1.5825 resistance holds, the downtrend could be...
EURUSD continued its sideways movement in a range between 1.2358 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2867, one more fall...
The rejection of the Swiss gold initiative led to a bounce off the bottom of the ascending triangle on USD/CHF’s 4-hour forex chart. Price is now on its way to test the resistance of the chart pattern...
USDCAD is facing 1.1466 resistance, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. Support is at 1.1380, only break below this...
USDCHF moved sideways in a trading range between 0.9531 and 0.9739. As long as 0.9531 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9370, another rise to 1.0000...
USDJPY broke above 118.97 resistance, indicating that the uptrend from 105.32 has resumed. Further rise could be expected, and next target would be at 122.00 area. Support is now at 117.23, only break below this level could...
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8416. Resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to...
GBPUSD broke below 1.5590 support, indicating that the downtrend from 1.6182 has resumed. Further decline could be expected, and next target would be at 1.5400 area. Resistance is at 1.5670, only break above this level will indicate...
EURUSD moved sideways in a trading range between 1.2358 and 1.2599. The price action in the range is likely consolidation of the downtrend from 1.2867, another fall to 1.2000 area is still possible after consolidation. Support is...
