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GBPUSD

Previous low support at 1.8735 is broken below, and GBPUSD may be bottoming on 4 hours chart, near term resistance is the falling trend line, a break above the trend line resistance may consider the reversal to the down trend, and breaking above the key resistance at 1.8913 is needed to confirm the cycle bottom. On the other side, the pair fell sharply to 1.8722 level, and further fall towards 1.8602 previous low support is still possible in the next several days if 1.8722 level is broken below. (more…)

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USDCAD

As expected, USDCAD fell below 1.1118, it is in down trend. Near term resistance is the down trend line, now at 1.1140, as long as the trend line resistance holds, down trend will continue. On the other side, the next cycle bottom on 4 hours chart is nearing, break above the down trend line resistance implies that the cycle bottom is coming soon, key resistance is at 1.1182, a break above this level may confirm the cycle bottom. (more…)

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USDJPY

USDJPY’s down trend is limited by the price channel on daily chart, it has bottomed at 116.08 on 4 hours chart, and further rise towards 117.51 near term resistance to reach the next cycle top is possible later today. Key support is now at 116.08, only break below this level may signal the resumption of the down trend. (more…)

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USDJPY

USDJPY is testing the price channel resistance, the rebound from 116.08 to 116.74 is treated as in correction to the down trend. Key resistance is now at 116.74, a break above this level may label the cycle bottom at 116.08. If the key resistance at 116.74 holds and the near term support at 116.08 is broken below, the pair would fall towards 115.57 level to reach its next cycle bottom on 4 hours chart. (more…)

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EURUSD

EURUSD is in up trend and further rise towards 1.2878 to test the previous high resistance can be expected after a slightly correction. Key support is at 1.2712, only fall below this level may signal the reversal to the up trend. (more…)

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USDCAD

USDCAD topped at 4 hours chart, and the rise from 1.1030 may ended at 1.1294 high. Further fall towards 1.1118 previous low support is possible later today. Key resistance is now at 1.1294, only break above this level may signal the resumption of the up trend.

(more…)

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USDCHF

USDCHF broke below the key support at 1.2483 and topped at 1.2621 on 4 hours chart. Further fall towards 1.2433 previous low support is possible later today. Key resistance is now at 1.2571, only break above this level may signal the resumption of the up trend.

(more…)

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USDCHF

The price channel is broken below, USDCHF is topping at 1.2621 on 4 hours chart, key support is now at 1.2483, a break below this level may signal the cycle top, and further fall below 1.2433 level can be seen after breaking below the key support.

(more…)

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AUDUSD

AUDUSD is in correction to the down trend and further rise to 0.7573 and 0.7601 Fibonacci retracement level to reach the next cycle top is still possible in the next one or two days. Key support is now at 0.7503, a break below this level may signal the resumption of the down tend and fall towards 0.7400 level can be expected.

(more…)

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USDCHF

Up trend of USDCHF is limited by the price channel resistance. A slightly correction is needed before the resumption of the up trend. Near term support is at the bottom of the price channel now at 1.2490, key support is at 1.2433, only break below the key support may signal the reversal to the up trend.

(more…)