Category: Short Term Analysis

USDCHF Analysis. USDCHF has formed a cycle top at 0.9769 on 4-hour chart. Key support is a the upward trend line from 0.9043 to 0.9367, as long as the trend line support holds, the fall from 0.9769...

EURUSD Analysis. EURUSD’s downward movement from 1.3283 extends to as low as 1.2323. Further decline could be seen after a minor consolidation, and next target would be at 1.2200 area. Initial resistance is at 1.2430, a break...

USDCAD Analysis. Being supported by the upward trend line on 4-hour chart, USDCAD rebounds from 1.0206, suggesting that a cycle bottom has been formed, and the uptrend from 0.9799 has resumed. Further rise could be seen over...

AUDUSD Analysis. AUDUSD is in consolidation of the downtrend from 1.0474. Range trading between 0.9689 and 0.9934 would likely be seen over the next several days. As long as 0.9934 resistance holds, one more fall towards 0.9500...

EURUSD Analysis. EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2496. Another fall would likely be seen after a minor consolidation,...

AUDUSD Analysis. AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0474, the rise from 0.9689 is treated as consolidation of the downtrend. As long as the trend line resistance holds,...

USDJPY Analysis. USDJPY moves sideways in a range between 78.99 and 80.61. As long as 80.61 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 84.17 (Mar 15 high),...

USDJPY Analysis. USDJPY breaks above 79.70 resistance, suggesting that lengthier consolidation of the downtrend from 84.17 (Mar 15 high) is underway. Range trading between 78.99 and 80.61 is expected in a couple o fays. Key resistance is...

EURUSD Analysis. EURUSD has formed a cycle bottom at 1.2642 on 4-hour chart. Range trading between 1.2642 and 1.2900 would likely be seen in a couple of days. As long as 1.2900 resistance holds, the bounce is...

EURUSD Analysis. Being contained by 1.2624 (Jan 13 low) support, EURUSD rebounds from 1.2642 and breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2642. Range trading between...