USDJPY broke above 106.00 resistance, suggesting that lengthier consolidation for the downtrend from 113.75 (Dec 12, 2017 low) is needed. Further rally is still possible and next target would be at 107.50 area. The key resistance is...
AUDUSD is now facing the resistance of the bearish trend line on its 4-hour chart. As long as the price is below the trend line, the bounce from 0.7712 could be treated as consolidation for the downtrend...
No changed in our view, GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Near term resistance is at the top trend line of the price channel...
EURUSD is now in uptrend from 1.2155. Near term support is at 1.2265, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.2500 area. On the...
Since the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long term US Dollar cycle: Short Term and...
NZDUSD could be in for a long-term selloff as price formed a double top on its 4-hour time frame. The pair has yet to break below the neckline at the .7200 major psychological support to confirm the...
USDCAD is facing 1.2920 (Dec 19, 2017 high) resistance, a breakout of this level could take price towards 1.3100 area. Near term support is at 1.2809, a breakdown below this level could bring price back towards the...
USDJPY broke below 105.54 support, suggesting that the downtrend from 113.75 (Dec 12, 2017 low) has resumed. Further decline could be expected and next target would be at 103.00 area. Near term resistance is at 106.00, as...
AUDUSD remains in the downtrend from 0.7988, the bounce from 0.7712 is likely consolidation for the downtrend. Near term resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance...
GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3500 area. Resistance is...
