EURUSD
EURUSD broke below 1.3411 previous low and down trend resumed. Further fall towards 1.3300 area can be expected. Near term resistance is at the down trend line from 1.3609 to 1.3519, only break above the trend line resistance will signal the reversal to the down trend.

(more…)

USDCAD
USDCAD is in down trend. The fall from 1.1167 extended to as low as 1.0709, and further fall towards 1.0600 is still possible in a couple of days. Near term resistance is at the down trend line from 1.1167 to 1.0834, and followed by 1.1034, as long as 1.0834 resistance holds, down trend will continue.

(more…)

GBPUSD
No changed in our view, GBPUSD is in correction to the down trend. Further rise above 1.9895 previous high to reach the next cycle top on 4 hours chart is still possible in a couple of days. Near term support is now at 1.9800 and key support is at 1.9676, a break below the key support will signal the resumption of the down trend.

(more…)

USDJPY
USDJPY is bottoming at 120.85 on 4 hours chart, key resistance is at 121.87 previous high, a break above this level will confirm the cycle bottom, and further rise towards 122.18 (Jan 29 high) can be seen in a couple of days. Key support is now at 120.85, only break below this level will signal the reversal to the up trend.

(more…)

GBPUSD
GBPUSD is in correction to the down trend. Further rise towards 1.9999 to reach the next cycle top on 4 hours chart can be expected and a break above 1.9895 will confirm such case. Near term support is at 1.9795 and key support is at 1.9676, a break below the key support will signal the resumption of the down trend.

(more…)

USDCHF
As expected, USDCHF pulled back from 1.2331 and reached as low as 1.2239, further fall towards the up trend line from 1.2004 to 1.2125 to reach the next cycle bottom on 4 hours chart is still possible later today. However, the fall from 1.2331 is treated as consolidation to the up trend, and the next cycle bottom is nearing, the pair can bottom at 1.2239 level, a break above the key resistance at 1.2331 will signal the resumption of the up trend.

(more…)

USDCHF
USDCHF is topping at 1.2331 on 4 hours chart. Further fall towards 1.2250 to reach the next cycle bottom can be expected in a couple of days. However, the fall from 1.2331 is treated as consolidation to the up trend, and rise towards 1.2500 is still possible after consolidation.

(more…)

USDCHF
USDCHF broke above the previous high resistance at 1.2282 and reached as high as 1.2331. Sideways consolidation will more likely be seen in a couple of days and pullback towards 1.2250 can be expected. Near term resistance is at 1.2331, a break above this level will signal the resumption to the up trend, and rise above 1.2354 (March 9 high) can be seen.

(more…)

USDCHF
As expected, USDCHF broke above 1.2282 previous high resistance, slightly correction will more likely be seen, and pullback towards 1.2230 can be expected in a couple of days. Key support is at the bottom of the price channel, only break below the channel support will signal the reversal to the up trend.

(more…)

EURUSD
EURUSD is in down trend. Further fall towards 1.3350 can be seen, and a break below 1.3461 previous low will confirm such case. Near term resistance is at 1.3609, only break above this level will delay the resumption of the down trend.

(more…)