USDJPY Analysis. Being contained by 78.61 support, USDJPY rebounds from 78.68, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally could be expected, and the target would be at 78.50 area. However, the...
GBPUSD Analysis. GBPUSD is facing the resistance of the downward trend line from 1.5776 to 1.5721. As long as the trend line resistance holds, we’d expect the downtrend to resume, and another fall towards 1.5000 is still...
AUDUSD Analysis. Being supported by the lower line of the price channel on 4-hour chart, AUDUSD rebounds from 1.0100, suggesting that a cycle bottom has been formed. Now the bounce would possibly be resumption of the longer...
AUDUSD Analysis. AUDUSD is facing the support of the lower border of the price channel on 4-hour chart. As long as the channel support holds, the price action from 1.0223 is treated as consolidation of the uptrend...
USDJPY Analysis. After touching 79.14 key support, USDJPY rebounds strongly, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 80.09 resistance would likely be seen, a break above this level will...
EURUSD Analysis. EURUSD continues its downward movement from 1.2692, and the fall extends to as low as 1.2235. Resistance is now at 1.2335, as long as this level holds, downtrend could be expected continue, and further decline...
AUDUSD Analysis. AUDUSD has formed a cycle top at 1.0328 on 4-hour chart. Further decline towards the lower line of the price channel would likely be seen. As long as the channel support holds, the price action...
AUDUSD Analysis. AUDUSD breaks below 1.0240 support, suggesting that a cycle top has been formed at 1.0328 on 4-hour chart. Further decline would likely be seen over the next several days, and the target would be at...
USDCHF Analysis. USDCHF is forming a sideways consolidation in a range between 0.9421 and 0.9769. Lengthier consolidation in the range would likely be seen over the next several days. Key support is at 0.9463, a breakdown below...
GBPUSD Analysis. Being contained by 1.5776 resistance, GBPUSD moves sideways in a narrow range between 1.5640 and 1.5720. The price action in a range is likely consolidation of the short term uptrend from 1.5484, another rise to...
