USDCHF

USDCHF is oversold and the cycle bottom on 4 hours chart is nearing, a slightly correction is needed before the resumption of the down trend, and a break above 1.2092 level may confirm such case. Otherwise, intraday bias remains on the downside and further fall towards 1.1919 previous low is still possible. (more…)

EURUSD 

EURUSD fail to test the resistance of the price channel and is topping at 1.3161 on 4 hours chart. The pair is overbought now, a slightly correction is needed, and pullback towards the bottom of the price channel to reach the next cycle bottom would more likely be seen before the resumption of the up trend. (more…)

USDCHF

USDCHF is in down trend and further fall to test 1.1919 previous low support is still possible in a couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.

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USDCAD

USDCAD may be bottoming on 4 hours chart, the rebound from 1.1380 is treated as in correction to the down trend, and further fall towards 1.1250 level can be expected after this correction. Key resistance is at 1.1492, only break above this level may signal the resumption to the up trend.

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USDCAD

Key support at 1.1420 is broken below, USDCAD topped at 1.1492 on 4 hours chart, and the up trend from 1.1176 ended. Further fall towards 1.1350 level can be expected in a couple of days. Key resistance is at 1.1492, only break above this level may signal the resumption to the up trend.

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USDJPY

USDJPY moved without trend in a narrow range between 117.12 and 118.58 for two weeks. Further rise above 118.58 to reach the next cycle top on 4 hours chart will more likely be seen in the next several days. On the other side, fall below 117.12 is still possible if the up trend line (from 116.57 to 117.12, now at 117.65) support is broken below.

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USDJPY

USDJPY rebounded from 117.50 after meeting the up trend line support, the pair may be bottoming at 117.50 on 4 hours chart, and further rise above 118.58 to reach the next cycle top will more likely be seen in the next several days. Key support is at 117.12, only break below this level may signal the resumption of the down trend.

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AUDUSD

The rebound from 0.7613 is limited by the price channel resistance, and AUDUSD is topping at 0.7694 on 4 hours chart. Key support is at 0.7631, a break below this level may confirm the cycle top. Pullback below 0.7613 to reach the next cycle bottom on 4 hours chart can be expected in the next several days.

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USDJPY

USDJPY moves without trend in a range between 117.12 and 118.58 in the past two weeks. The pair is testing the down trend line resistance, if this resistance gives way, rise towards 119.00 level can be expected. On the other side, if the trend line resistance holds, fall below 117.12 to reach the next cycle bottom on 4 hours chart can be expected.

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USDJPY

USDJPY is forming a sideways consolidation in a range between 116.57 and 118.58, and further fall below 117.12 to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Key resistance is now at 118.28, if this resistance gives way, rise towards 119.00 level can be expected.

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