USDJPY

USDJPY is moving higher to the next cycle top on 4 hours chart and the cycle top is nearing, a slightly pullback below 119.06 level can be expected in the next couple of days. Key support is now at 119.06, a break below this level may confirm the cycle top. (more…)

USDJPY

USDJPY is topping on 4 hours chart, further fall lower to test the up trend line support is possible in the next several days. Now the pair is treated as in correction to the up trend, and the up trend will resume after break above the near term resistance at 119.82 level. (more…)

EURUSD

EURUSD is in down trend, further fall lower to test the previous low support at 1.2457 is possible later today. On the other side, the pair is oversold, correction is needed immediately before the resumption of the down trend. Key resistance is at 1.2612, a break above this level may signal the reversal to the down trend. (more…)

EURUSD

EURUSD is in down trend, and further fall towards 1.2500 level is possible in the next couple of days. On the other side, the RSI is lower than 25 level, a slightly correction is needed immediately before the resumption of the down trend. Key resistance is now at 1.2612, only break above this level may signal the reversal to the down trend. (more…)

AUDUSD

AUDUSD is in down trend, further fall below 0.7400 level can be expected in the next couple of days. Near term resistance is the top of the price channel, now at 0.7470, and as long as this resistance holds, down trend will continue. (more…)

USDCAD

USDCAD is in correction to the up trend and will form a sideways consolidation in a range between 1.1199 and 1.1304 in the next several days. Up trend will resume after breaking above the near term resistance at 1.1304 level. (more…)

EURUSD

EURUSD traded in a narrow range between 1.2639 and 1.2764, up trend will resume after breaking above the key resistance at 1.2764. On the other side, the key support is at 1.2668, if this support gives way, fall below 1.2630 to reach the next cycle bottom can be expected. (more…)

USDJPY

USDJPY is in correction to the up trend, fall below 117.38 to reach the next cycle bottom on 4 hours chart is still possible later today. Key resistance is at 118.39, a break above this level may signal the resumption of the up trend. (more…)

USDJPY

USDJPY broke below the key support at 117.52 and topped at 118.39 on 4 hours chart. Further fall below 117.38 level to reach the next cycle bottom can be expected. Key resistance is now at 118.39, a break above this level may signal the resumption of the up trend. (more…)