GBPUSD extended its downside movement from 1.2783 to as low as 1.2480, breaking below 1.2505 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
EURUSD extended its downside movement 1.1412 to as low as 1.1207. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...
USDCAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3564. As long as the price is below the falling trend line on the daily chart, the downside movement could...
USDJPY broke above the falling trend line on the daily chart, suggesting that consolidation for the downtrend from 112.40 is underway. Range trading between 106.77 and 109.30 would likely be seen over the next several weeks.
AUDUSD’s bounce from 0.6831 extended to as high as 0.7047. Further rally is still possible in a couple of weeks and next target would be at 0.7150 area. Near term support is at 0.6940, only a breakdown...
GBPUSD extended its downside movement from 1.3381 to as low as 1.2480. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next...
EURUSD broke below the rising trend line on the daily chart, suggesting that the bounce from 1.1106 had completed at 1.1412 already. Further decline would likely be seen in a couple of weeks and next target would...
USDCAD’s downside movement from 1.3432 extended to as low as 1.3036. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target...
USDJPY’s downside movement from 108.53 extended to as low as 107.53. Further decline could be expected after a minor consolidation and next target would be at 107.00 area. Resistance is at 108.00, only break above this level...
AUDUSD broke above 0.7034 resistance, suggesting that the upside movement from 0.6831 has resumed. Further rise could be expected in the coming days and next target would be at 0.7080 area. Near term support is at 0.7010,...
