USDJPY Analysis. USDJPY stays below a downward trend line on 4-hour chart, and remains in downtrend from 84.17, the rise from 81.55 is treated as consolidation of the downtrend. As long as the trend line resistance holds,...
GBPUSD Analysis. GBPUSD is facing the support of the lower line of the upward price channel on 4-hour chart. As long as the channel support holds, the fall from 1.6062 could be treated as consolidation of the...
EURUSD Analysis. EURUSD moves sideways in a range between 1.3252 and 1.3385. As long as 1.3252 key support holds, the price action in the range is treated as consolidation of the uptrend from 1.3003, and another rise...
AUDUSD Analysis. AUDUSD’s rise from 1.0304 extends to as high as 1.0451. Further rise to test the resistance of the downward trend line would likely be seen later today. As long as the trend line resistance holds,...
AUDUSD Analysis. AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0855, the rise from 1.0304 is treated as consolidation of the downtrend. Resistance is at the trend line, as long...
GBPUSD Analysis. After touching 1.5991 previous high resistance, GBPUSD pulled back from 1.6000, suggesting that a cycle top is being formed on 4-hour chart. Initial support is at the lower line of the price channel, and the...
USDCAD Analysis. USDCAD stays in a trading range between 0.9841 and 1.0050. As long as 1.0050 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0422 (Dec 14, 2011...
AUDUSD Analysis. AUDUSD is facing the resistance of the downward trend line on 4-hour chart, a clear break above the trend line will suggest that lengthier consolidation of the downtrend from 1.0855 is underway, then range trading...
GBPUSD Analysis. GBPUSD’s upward movement had completed at 1.5922. Another fall would likely be seen later today. Support is at 1.5770, a breakdown below this level could signal resumption of the longer term downtrend from 1.5991, then...
EURUSD Analysis. Being contained by 1.3290 resistance, EURUSD pulled back from 1.3284, suggesting that a cycle top is being formed on 4-hour chart. Further decline would likely be seen later today, and next target would be at...
