USDJPY Analysis. USDJPY pulls back from 94.45, suggesting that a short term cycle top is being formed on 4-hour chart. Deeper decline is possible to test 91.73 next week, a break below this level will take price...
EURUSD Analysis. EURUSD breaks above 1.4072 resistance and reaches as high as 1.4134 level. Further rally is still possible to test 1.4197 resistance. However, 1.4197 level will more likely be held and downtrend could be expected to...
AUDUSD Analysis. AUDUSD breaks above this resistance of the falling trend line from 0.8155 to 0.8038, suggesting that a short term cycle bottom has been formed at 0.7703 level on 4-hour chart, and the downtrend from 0.8155...
AUDUSD Analysis. AUDUSD remains in downtrend from 0.8155 and the price action from 0.7722 is more likely consolidation of downtrend. Initial resistance is at 0.7861 and followed by 0.7900, as long as these levels hold, downtrend will...
USDJPY Analysis. After touching 91.80 previous low, USDJPY rebounds from 91.77 level. Further rise is possible to re-test 93.59 resistance, a break above this level will suggest that a short term cycle bottom has been formed at...
AUDUSD Analysis. AUDUSD is bottoming at 0.7722 level on 4-hour chart. Range trading between 0.7722 and 0.7950 would more likely be seen in a couple of days, and a break above 0.7950 will confirm the cycle bottom...
AUDUSD Analysis. AUDUSD drops sharply below 0.7789 previous low support and reaches as low as 0.7722 level. The pair remains in downtrend from 0.8155. Deeper decline is still possible to 0.7650-0.7700 area. Near term resistance is at...
EURUSD Analysis. After touching 1.4027 resistance, EURUSD drops sharply from 1.4050 level, suggesting that the pair remains in short term downtrend from 1.4197. Deeper decline is still in favor, and the next target is to test 1.3748...
EURUSD Analysis. EURUSD breaks below 1.3889 key support and reaches as low as 1.3876 level, suggesting that the pair is now in short term downtrend from 1.4197. The price action in the trading range between 1.3876 and...
EURUSD Analysis. EURUSD formed a short term cycle top at 1.4197 level on 4-hour chart. Deeper decline is possible to test 1.3889 supprt later today, a break down below this level will confirm that the uptrend from...
