AUDUSD Analysis. Being contained by the rising trend line from 0.6989 (Apr 28 low) to 0.7450 (May 18 low), AUDUSD rebounds from 0.7913. further rally to 0.8150-0.8200 area is possible later today. However, consolidation in a range...
USDCAD Analysis. USDCAD breaks above the resistance of the falling trend line 1.1814 to 1.1257 and the key resistance of 1.0971, suggesting that a short term cycle bottom has been formed at 1.0784 level on 4-hour chart....
USDCAD Analysis. USDCAD continues in range trading between 1.0784 and 1.0971. The price action in the trading range is treated as consolidation of the downtrend from 1.1814. Deeper decline could be expected after consolidation, a break down...
USDCAD Analysis. USDCAD’s downtrend from 1.1814 extends to as low as 1.0784. Sideways consolidation is expected in a couple of days and rebound to test the resistance of the falling trend line from 1.1814 to 1.1257 would...
USDCHF Analysis. After range trading between 1.0800 and 1.0953, USDCHF dropped sharply from 1.0953 level, suggesting that a short term cycle top had been formed at 1.0953 level on 4-hour chart and the downtrend from 1.1740 had...
USDJPY Analysis. USDJPY breaks above 96.69 resistance and reaches as high as 97.23 level. Consolidation in a range between 95.50 and 97.23 is expected in a couple of days, and further rally to 98.00 is possible after...
EURUSD Analysis. EURUSD’s pullback from 1.4050 extends further to as low as 1.3823 level. Deeper decline to test the support of the lower border of the price channel on 4-hour chart is expected in a couple of...
USDCHF Analysis. USDCHF breaks above the resistance of the falling trend line from 1.1263 to 1.1056, suggesting that a short term cycle bottom has been formed at 1.0812 level on 4-hour chart. Range trading between 1.0800 and...
USDCHF Analysis. USDCHF remains in downtrend from 1.1263 and the rebound from 1.0812 is more likely consolidation of the downtrend. As long as the pair stays below the falling trend line from 1.1263 to 1.1056, we’d expect...
USDJPY Analysis. Being contained by the long term key support at 93.53 (Mar 19 low), USDJPY rebounds from 93.85 level. However, the rise from 93.85 is treated as consolidation of the short term downtrend from 96.69. Range...
