USDCHF Long-Term Range (Jun 26, 2017)
USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels. A bounce off this area could lead to a move back to the resistance at 1.0400 or...
Month: June 2017
EURGBP Is Facing Neckline Resistance
EURGBP’s bullish movement from the April 18 low of 0.8313 extended to as high as 0.8866. After touching the resistance of the January 16 high of 0.8851, the pair pulled back and formed a sideways movement in...
USDCAD Daily Analysis – June 26, 2017
USDCAD is in consolidation of the downtrend from 1.3793. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. Resistance is at 1.3400, as long as the pair is below this level,...
USDJPY Daily Analysis – June 26, 2017
USDJPY continued its sideways movement in a trading range between 110.64 and 111.78. Support level is at 110.64, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would...
AUDUSD Daily Analysis – June 26, 2017
AUDUSD remains in uptrend from 0.7371, the fall from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume, and further rise...
GBPUSD Daily Analysis – June 26, 2017
GBPUSD stays in a falling price channel on its 4-hour chart and remains in downtrend from 1.3047. As long as the pair is in the channel, the bounce from 1.2589 could be treated as consolidation of the...
EURUSD Daily Analysis – June 26, 2017
EURUSD failed to break below 1.1109 support and stays in the trading range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the price action in the trading range could be treated as...
USDCAD Weekly Analysis – June 25, 2017
USDCAD stays below the bearish trend line on its daily chart, indicating that the pair remains in the downtrend from 1.3793. As long as the pair is below the trend line, the downtrend could be expected to...
USDJPY Weekly Analysis – June 25, 2017
USDJPY is now in uptrend from 108.81. Further rise to test 112.12 resistance could be expected next week. A break of this level could trigger another rise to retest the key resistance level at 115.50. Support is...
AUDUSD Weekly Analysis – June 25, 2017
AUDUSD remains in uptrend from 0.7328, the pullback from 0.7635 is likely consolidation of the uptrend. Near term support is at 0.7519, as long as this level holds, the uptrend could be expected to continue and next...