GBPUSD Analysis. GBPUSD has formed a short term cycle bottom at 1.6391 level on 4-hour chart. Further rise is expected later today and target would be at 1.6750 zone. Near term support is at 1.6391, below this...
EURUSD Analysis. After breaking below the support of the up trend line from 1.3832 to 1.4007, EURUSD rebounds from 1.4086 and breaks above 1.4218 key resistance, suggesting that a short term cycle bottom has been formed at...
USDCHF Analysis. USDCHF breaks below 1.0797 key support, suggesting that a short term cycle top has been formed at 1.0883 level on 4-hour chart. Range trading between 1.0750 and 1.0883 is expected in next several days. However,...
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USDCAD Analysis. USDCAD is testing 1.0933 resistance, a break above this level will indicate that the downtrend from 1.1723 has completed at 1.0632 level already. As long as 1.0933 resistance holds, the rise from 1.0632 is treated...
USDCAD Analysis. USDCAD is moving to the next short term cycle top on 4-hour chart and the next cycle top is nearing. Pullback would more likely be seen before breaking above 1.0933 resistance. Key support is now...
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EURUSD Analysis. EURUSD remains in uptrend from 1.4007 and the price action from 1.4444 is treated as consolidation of uptrend. Near term support is now at 1.4250, as long as this level holds, we’d expect the uptrend...
USDCAD Analysis. Being contained by the falling trend line from 1.1113 to 1.0933, USDCAD drops from 1.0783, suggesting that a short term cycle top is being formed on 4-hour chart. Deeper decline is expected to test 1.0632...
USDJPY Analysis. Being contained by the lower border of the rising price channel, USDJPY rebound sharply from 94.36 level, suggesting that a short term cycle bottom is being formed. Range trading between 94.36 and 95.88 would more...
