USDCAD broke below the bottom of the price channel on daily chart, indicating that the uptrend from 1.2460 had completed at 1.3598 already. Further decline could be seen after a minor consolidation, and next target would be...
USDJPY broke below 114.73 support, indicating that the upward movement from 101.18 had completed at 118.66 already. Deeper decline could be expected over the next several weeks, and the target would be at 110.00 area. Resistance is...
AUDUSD broke above the downward trend line on daily chart, indicating that the downward movement from 0.7778 had completed at 0.7158 already. Further rise could be expected over the next several weeks, and next target would be...
GBPUSD is facing 1.1946 support, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.1500 area. Near term resistance is at 1.2450, only break above this level...
EURUSD remains in downtrend from 1.1366, the rise from 1.0340 is likely consolidation of the downtrend. Key resistance is at 1.0873, as long as this level holds, the downtrend could be expected to resume, and further decline...
The USD/JPY pair went back and forth on Friday, testing the 115 level. This is an area where I think we will see a significant amount of support, but I also believe that the support extends all...
The USD/CAD pair initially fell on Friday, but turned around to form a hammer just as we did on Thursday. If we can break above the top of the hammer from Thursday, I believe that the longer-term...
The GBP/USD pair went back and forth, forming a relatively neutral candle. There is a significant amount of support below though, as the 1.20 level underneath offers a major barrier. A break above the top of the...
The EUR/USD pair initially tried to rally on Friday, but fell just as it did on Thursday, forming a shooting star again. Because of this, I believe that the short-term move to the 1.05 level is more...
The Australian dollar went back and forth during the day on Friday, as we continue to bang up against the 0.75 level. This is an area that will be resistive as it has been in the past,...
