AUDUSD Analysis
AUDUSD fail to test the previous high resistance at 0.9018, and pulled back from 0.9014 level. Sideways consolidation in a range between 0.8819 and 0.9014 may be expected in the next several days. Key resistance is at 0.9014, a break above this level will signal the resumption of the up trend.

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EURUSD is forming a symmetrical triangle pattern in a range between 1.4309 and 1.4966. Near term resistance is at the down trend line from 1.4966 to 1.4921, pullback towards 1.4400 area to reach the next cycle bottom on daily chart is possible before breading above the trend line resistance. Near term support is at the up trend line from 1.4309 to 1.4365, and key support is at 1.4309, only break below this level will signal the reversal to the up trend.

For long term analysis, the pair is in sideways consolidation of the long term up trend. As long as 1.4309 long term key support holds, rise above 1.4966 previous high to reach the next long term cycle top on weekly chart is in favor.

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EURUSD Analysis
EURUSD is moving towards 1.4900 area to reach the next short term cycle top on 4-hour chart, and the cycle top is nearing. Pullback from 1.4921 previous high resistance can be seen, a break below 1.4660 key support will confirm the cycle top, and fall towards 1.4400 area is expected to follow.

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EURUSD Analysis
EURUSD is moving towards 1.4900 area to reach the next short term cycle top on 4-hour chart. Pullback from 1.4921 previous high resistance can be seen, and fall towards 1.4400 area is expected to follow.

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USDJPY Analysis
USDJPY is in down trend. As long as 107.91 resistance holds, we’d expect down trend to continue, and further fall towards 104.00 area is still possible after consolidation. On the other side, the pair may be forming a short term cycle bottom at 104.96, key resistance is at 107.91, a break of this level will confirm the cycle bottom and signal the reversal to the down trend.

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EURUSD formed a sideways consolidation in a range between1.4309 and 1.4966 to the up trend. It will move without trend in this range until the next cycle bottom on daily chart appears. Symmetrical triangle pattern will more likely be seen in the next several days, and the previous low support at 1.4309 may be held. Up trend will resume after consolidation, and 1.4966 will be broken above to complete the long term up trend.

For long term analysis, the pair is in consolidation of the long term up trend. As long as 1.4309 long term key support holds, rise above 1.4966 previous high to reach the next long term cycle top on weekly chart is in favor.

More long term forex analysis.

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USDJPY Analysis
USDJPY broke below 105.90 previous low and reaches as low as 105.60. Further fall towards 105.00 area is expected to follow. As long as 107.91 resistance holds, we’d expect down trend to continue.

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USDCAD Analysis
USDCAD is in up trend. The rise from 0.9756 extended to as high as 1.0307. Further rise towards 1.0500 area is still possible, and a break above 1.0307 level will confirm such case. Near term support is at the edge of the rising price channel, and as long as the channel support holds, up trend will continue.

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USDCHF Analysis
USDCHF formed a short term cycle bottom at 1.0836 on 4-hour chart. Further rise towards 1.1200 area is still possible in a couple of days. However, the rebound from 1.0836 is treated as correction to the down trend. Further fall towards 1.0600 area is expected after correction, and a break below 1.0836 level will signal the resumption of the down trend.

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GBPUSD Analysis
GBPUSD is forming a sideways consolidation in a range between 1.9481 and 1.9740. Further fall towards 1.9200 area is expected after consolidation. Near term resistance is now at 1.9740 and followed by 1.9849.

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