EURUSD remains in uptrend from 1.0340, the fall from 1.0828 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...
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USDCAD broke below the upward price channel on daily chart and is now in downtrend from 1.3598. Further decline could be expected over the next several weeks, and next target would be at 1.2600 area. Resistance is...
USDJPY’s downward movement from 118.66 extended to as low as 112.05. Further decline is still possible in a couple of weeks and next target would be at 110.00 area. Near term resistance is at the downward trend...
AUDUSD’s upward movement from 0.7158 extended to as high as 0.7695. Further rise is still possible over the next several weeks, and next target would be at 0.8000 area. Support is now at 0.7500, only break below...
GBPUSD moved sideways in a trading range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050. As long as these levels hold, the price action from 1.1946 could be treated as consolidation of the downtrend...
EURUSD’s bounce from 1.0340 extended to as high as 1.0828. However, the bounce is likely consolidation of the downtrend from 1.1616 (May 3, 2016 high). Resistance is at the top of the price channel on daily chart....
