AUDUSD moved sideways in a trading range between 0.8035 and 0.8214. Resistance is at 0.8214, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.8795...
GBPUSD remains in downtrend from 1.5785, the rise from 1.5167 could be treated as consolidation of the downtrend. Resistance is at 1.5380, as long as this level holds, the downtrend could be expected to continue, and next...
EURUSD remains in downtrend from 1.2569, the rise from 1.1861 is likely consolidation of the downtrend. Resistance is at 1.2050, as long as this level holds, the downtrend could be expected to continue, and next target would...
GBPJPY has formed a double top pattern on its 4-hour forex chart, indicating that a potential selloff is in the cards. The previous uptrend could soon be reversed if price breaks below the neckline of the pattern...
USDCAD’s upward movement from 1.1191 extended to as high as 1.1841. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Support is at 1.1750, as long as this level...
USDCHF’s upward movement from 0.9553 extended to as high as 1.0187. Further rise could be expected after a minor consolidation, and next target would be at 1.0300 area. Support is at 0.9950, as long as this level...
USDJPY is facing 120.82 resistance, a break of this level will signal resumption of the uptrend from 115.56, then next target would be at 125.00 area. Support is at 118.85, only break below this level could trigger...
After consolidation, AUDUSD continued its downward movement from 0.8795 (Nov 17, 2014 high), and the fall extended to as low as 0.8052. Key resistance is now at 0.8214, as long as this level holds, the downtrend could...
GBPUSD’s downward movement from 1.5785 extended to as low as 1.5167. Further decline could be expected after a minor consolidation, and next target would be at 1.5000 area. Resistance is at 1.5380, as long as this level...
EURUSD’s downward movement from 1.2569 extended to as low as 1.1861. Further decline could be expected after a minor consolidation, and next target would be at 1.1700 area. Resistance is at 1.2050, as long as this level...
