GBPUSD Analysis. GBPUSD is testing 1.6692 resistance, above this level will face 1.6741 critical resistance, a break of this level will indicate that the longer term downtrend from 1.7042 (Aug 5 high) has completed at 1.5708 level...
USDCAD Analysis. After a sharp drop from 1.0852, USDCAD consolidates in a narrow range above 1.0594. Another fall is expected after consolidation and next target could be at 1.0400 area. Resistance level is now at 1.0735, and...
GBPUSD Analysis. GBPUSD formed a trading range between 1.6251 and 1.6692. Moving sideways without trend is still possible in a couple of day and another fall towards 1.6000 would more likely be seen after consolidation. However, a...
USDJPY Analysis. USDJPY stays below a falling trend line on 4-hour chart and remains in downward trend from 92.32, the rise from 89.44 is more likely consolidation of downtrend. Another fall towards 88.83 is still possible later...
USDCHF Analysis. USDCHF formed a trading range between 1.0148 and 1.0285. Pullback to 1.0100 to reach next short term cycle bottom on 4-hour chart could be seen in a couple of days. However, the price action from...
USDCAD Analysis. Being supported by the lower border of the rising price channel on 4-hour chart, USDCAD rebounded from 1.0652 last week, suggesting that a short term cycle bottom has been formed and uptrend from 1.0206 has...
USDCAD Analysis. USDCAD is testing the support of the lower border of the rising price channel on 4-hour chart, a clear break below the channel support will suggest that the rise from1.0206 has completed at 1.0820 level...
EURUSD Analysis. EURUSD continues its sharp moving and the fall from 1.5062 extends to as low as 1.4693 level. Deeper decline is still in favor and next target would be at 1.4600-1.4650 area, and rebound is expected...
USDJPY Analysis. Being contained by 92.53 resistance USDJPY pulled back from 92.32, suggesting that a short term cycle top is being formed on 4-hour chart. Key support is located at 91.57, a breakdown below this level will...
USDJPY Analysis. USDJPY remains in short term uptrend form 90.07. As long as 91.57 support holds, we’d expect uptrend to continue and further rise to test 92.53 resistance is possible later today, a breakout of this level...
