USDCAD has been trending higher and moving inside an ascending channel on its 4-hour time frame. Price is currently testing the resistance and seems to be indicating that a test of support is in order. Stochastic...
USDCAD’s upward movement from 1.3005 extended to as high as 1.3465. Key support is at 1.3276, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3600 area.
USDJPY remains in downtrend from 105.53, the bounce from 102.54 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 100.50 area.
AUDUSD remains in uptrend from 0.7557, the fall from 0.7696 is likely consolidation of the uptrend. Further rise would likely be seen over the next several days, and next target would be at 0.7800 area. Support is...
GBPUSD’s upward movement from 1.2082 extended to as high as 1.2557. Further rise is still possible after a minor consolidation, and next target would be at 1.2650 area. Key support is at 1.2330, only break below this...
EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway. Range trading between 1.1000 and 1.1141 would likely be seen over the next several days. As long as 1.1000...
USDCAD’s upward movement from 1.2460 extended to as high as 1.3465. Key support is at 1.3000, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3700 area....
USDJPY continued its sideways movement in a range between 98.97 and 107.48. Another fall to test 98.97 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 125.85...
AUDUSD stayed in the narrow range between 0.7441 and 0.7755 for several weeks. Key support is at 0.7441, as long as this level holds, the price action in the range could be treated as consolidation of the...
GBPUSD remains in downtrend from 1.5016, the rise from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 is possible over the next several weeks. Resistance is at 1.2700, as long as this...
