USDCAD is testing 1.2803 support. A breakdown below this level would indicate that the uptrend from 1.2247 (Jan 31 low) had completed at 1.3124 already, then deeper decline towards 1.2650 support could be seen. On the upside,...
USDJPY broke above 105.60 resistance, suggesting that the short term downtrend from 107.29 had completed at 104.63 already. Further rally is still possible in the coming days and the target would be at 106.00 area, followed by...
AUDUSD moved sideways in a trading range between 0.7672 and 0.7785. As long as 0.7785 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7916 and a breakdown below...
GBPUSD stays in a rising price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.3711. Near term support is at 1.4075, as long as this level holds, the uptrend could be...
EURUSD extended its upside movement from 1.2239 to as high as 1.2461, breaking above 1.2446 resistance. Further rise is still possible in a couple of days and next target would be at 1.2555 resistance. Support is now...
Trade war with China Hurt Global Economy Last week global stock market slumped due to the prospect of all-out trade war which could destabilize global economy. US market closed sharply lower for the week with S&P 500...
USDCAD extended its downside movement from 1.3124 to as low as 1.2823, facing a key support level at 1.2803. A breakdown below this level would suggest that the uptrend from 1.2247 (Jan 31 low) had completed at...
USDJPY extended its downside movement from 107.29 to as low as 104.63. Further decline could be expected in a couple of days and next target would be at 102.00 area. Resistance is at 105.60, as long as...
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7672 is likely correction for the downtrend. A breakdown below 0.7672 support could trigger another fall towards 0.7600. Resistance is at 0.7785, only a breakout of this...
GBPUSD extended its upside movement from 1.3711 to as high as 1.4215. Near term support is at 1.4075, as long as this level holds, the upside movement could be expected to continue and further rise towards 1.4345...
