USDCAD’s upward movement from 1.3005 extended to as high as 1.3397, the subsequent fall indicate that consolidation of the uptrend is underway. Range trading between 1.3200 and 1.3397 would likely be seen over the next several days.
USDJPY is facing 104.63 resistance, a break of this level will indicate that the uptrend from 100.08 has resumed, then further rise to 106.00 area could be seen. On the other side, as long as 104.63 resistance...
AUDUSD remains in downtrend from 0.7734, the bounce from 0.7587 could be treated as consolidation of the downtrend. Resistance is at 0.7650, as long as this level holds, the downtrend could be expected to continue, and next...
EURUSD remains in downtrend from 1.1279, the rise from 1.0859 is likely consolidation of the downtrend. Near term resistance is at 1.0935, as long as this level holds, the downtrend could be expected to resume, and further...
EURJPY has been trending lower, moving inside a descending channel visible on its 1-hour time frame. Price is bouncing off the channel support and might be due for a test of resistance around the 113.50 minor psychological...
USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3358. Further rise could be expected after a minor consolidation, and next target would be at 1.3600 area. Support levels are at...
USDJPY continued its sideways movement in a range between 102.81 and 104.63. Key support is at 102.81, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 100.08, and...
AUDUSD’s downward movement from 0.7734 extended to as low as 0.7587. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is at 0.7650, only break above this level...
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days. As long as 1.2477 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3445 (Sept...
EURUSD’s downward movement from 1.1279 extended to as low as 1.0859. Further decline could be expected after a minor consolidation, and next target would be at 1.0700 area. Near term resistance is at 1.0935, as long as...
