GBPUSD Analysis. GBPUSD breaks below the support of the price channel on 4-hour chart, suggesting that a short term cycle top has been formed at 1.4985 level on 4-hour chart. Further fall is expected to test 1.2051...
USDCAD Analysis. USDCAD breaks above 1.2297 resistance and rebounds sharply to as high as 1.2493 level, suggesting that the pair is back to range trading between 1.2024 and 1.2765. Initial resistance is now at 1.2538, a break...
USDJPY Analysis. USDJPY traded in a narrow range between 90.72 and 92.40. As long as 90.72 support holds, we’d expect uptrend to resume, and further rally could be seen to test 94.61 (Jan 6 high) resistance. A...
USDCHF Analysis. USDCHF remains in short term uptrend. The pullback from 1.1742 is treated as consolidation of the uptrend. Near term support is at 1.1399 and key support is at 1.1313. As long as 1.1399 support holds,...
USDJPY Analysis. USDJPY breaks out of the trading range between 87.98 and 90.74 and reaches as high as 92.23 level, suggesting that a short term cycle bottom has been formed at 88.58 on 4-hour chart. Further rise...
EURUSD Analysis. EURUSD pulls back from 1.3069, and the fall could possibly be resumption of medium downtrend from 1.4719 (Dec 18, 2008 high). Further fall is now in favor, the next target would be at 1.2600 zone....
USDJPY Analysis. USDJPY stays in the trading range between 87.98 and 90.74. Moving sideways without trend in this range is expected in a couple of days. Near term resistance is located at 90.74, a break above this...
USDCAD Analysis. USDCAD is in sideways consolidation in a range between 1.1464 (Nov 5, 2008 low) and 1.3015 (Oct 28, 2008 high). Further rebound to 1.2600 to reach the next short term cycle top on 4-hour chart...
USDJPY Analysis. USDJPY is trading in a range between 89.15 and 90.74. Sideways consolidation could be seen in a couple of days. Near term resistance is located at 90.74, a break above this level will signal further...
USDCHF Analysis. USDCHF trades in a range between 1.1313 and 1.1714. The rebound from 1.1313 is more likely correction of the short term downtrend from 1.1714. As long as 1.1714 previous high resistance holds, we’d expect the...
