USDCHF Analysis. USDCHF is in downtrend from 1.1848, and the price action from 1.1484 is treated as consolidation of the downtrend. Deeper decline is still possible in next several days, and next target would be at 1.1300...
USDJPY Analysis. USDJPY continues to move sideways between 96.56 and 99.67. The price action in this range is treated as consolidation of the medium term uptrend from 87.12 (Jan 21 low). As long as 96.56 support holds,...
EURUSD Analysis. EURUSD breaks below 1.2601 key support, suggesting that a short term cycle top has been formed at 1.2754 level on 4-hour chart. Consolidation in a range between 1.2456 and 1.2754 is expected in a couple...
USDCHF Analysis. USDCHF broke below 1.1600 key support last week, suggesting that a short term cycle top has been formed at 1.1848 level on 4-hour chart. Deeper decline to test 1.1459 level is possible later today, below...
USDJPY Analysis. USDJPY pulls back sharply from 99.67 level. Moving sideways in a range between 96.84 and 99.67 could be seen in next several days. However, the price action from 98.70 is treated as consolidation of the...
USDCAD Analysis. Being contained by the long term key resistance at 1.3015 (Oct 28, 2008 high), USDCAD pulls back from 1.2973, suggesting that a short term cycle top has been formed. Consolidation in a range between 1.2500...
EURUSD Analysis. EURUSD breaks below 1.2512 previous low support, suggesting that the short term downtrend from 1.2898 is underway. Deeper decline is expected to 1.2400 zone in a couple of day. Near term resistance is at the...
USDJPY Analysis. USDJPY is in consolidation of the medium term uptrend from 87.12 (Jan 21 low). Moving sideways in a range between 96.35 and 98.70 is expected in a couple of days. Further rally is still possible...
EURUSD Analysis. EURUSD stays in a trading range between 1.2512 and 1.2991. The fall from 1.2991 could possibly be resumption of the medium term downtrend from 1.4719 (Dec 18, 2008 high). Deeper decline would more likely be...
USDCAD Analysis. USDCAD moves sideways in a range between 1.2356 and 1.2672. Rise to test 1.2672 resistance is now in favor. A break above this level will indicate that the short term uptrend from 1.2024 (Jan 28...
