EURUSD stays in a trading range between 1.2335 and 1.2537. The sideways movement is likely consolidation of the uptrend from 1.1717 (Dec 12, 2017 low). As long as 1.2335 support holds, the uptrend could be expected to...
USDCAD broke above the falling trend line on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.2920 is underway. Further rally would likely be seen and the target would be at 1.2500 area. Near...
USDJPY broke above 109.77 resistance. Further rise would likely be seen and next target would be at 111.00, followed by 111.48. Near term support levels are at 109.50 and 109.20. Only break below these levels could bring...
AUDUSD broke below 0.7956 support, confirming that the upside movement from 0.7501 had completed at 0.8135 already. Further decline could be expected after a minor consolidation and next target would be at 0.7800 area. Near term resistance...
GBPUSD continued its sideways movement in a trading range between 1.3979 and 1.4345. As long as the price is above 1.3979, the sideways movement could be treated as consolidation of the uptrend from 1.3301 and another rise...
EURUSD failed to break above 1.2537 resistance and stayed in the trading range between 1.2335 and 1.2537. As long as 1.2335 support holds, the price action in the range could be treated as consolidation of the uptrend...
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...
USDCAD’s downside movement from 1.2920 extended to as low as 1.2248. Further decline towards 1.2061 support is still possible after consolidation. Near term resistance is at the top trend line of the price channel on the daily...
USDJPY stays in a falling price channel on the daily chart and remains in the downtrend from 113.75. As long as the channel resistance holds, the bounce from 108.28 could be treated as consolidation of the downtrend....
AUDUSD dropped sharply from 0.8135 after breaking above 0.8124 resistance, suggesting that the upside movement from 0.7501 is complete. Further decline could be expected after consolidation and next target would be at 0.7800, followed by 0.7650. Resistance...
