USDCAD Analysis. USDCAD breaks above the downward trend line on 4-hour chart, suggesting that consolidation of the downtrend from 1.0055 is underway. Range trading between 0.9905 and 1.0000 would likely be seen. Key resistance is at 1.0000,...
USDCAD Analysis. USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0055. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to...
AUDUSD Analysis. AUDUSD is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (Oct 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward...
USDCAD Analysis. Being contained by the support of the the lower line of the price channel on 4-hour chart, USDCAD rebounds from 0.9952, suggesting that a cycle bottom is being formed. Resistance is at 0.9995, a break...
AUDUSD Analysis. AUDUSD is in uptrend from 1.0287, the fall from 1.0423 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at 1.0550 area. Key support is at...
USDCAD Analysis. USDCAD is facing the support of the lower line of the price channel on 4-hour chart, a clear break below the channel support will suggest that the trend from 0.9632 (Sep 14 low) has completed...
USDCAD Analysis. USDCAD breaks below 0.9980 support, suggesting that a cycle top has been formed at 1.0055 on 4-hour chart. Further decline would likely be seen, and next target would be at the lower line of the...
AUDUSD Analysis. AUDUSD bounces from 1.0287, suggesting that consolidation of the downtrend from 1.0480 is underway. Key resistance is located at the upper line of the price channel on 4-hour chart, as long as the trend line...
EURUSD Analysis. EURUSD’s bounce from 1.2661 extends to as high as 1.2801, and is now facing the resistance of the upper line of the downward price channel on 4-hour chart. As long as the channel resistance holds,...
GBPUSD Analysis. GBPUSD continues its downward movement from 1.6174, and the fall extends to as low as 1.5836. Resistance remains at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend...
