Category: Short Term Analysis

EURUSD Analysis. EURUSD’s bounce from 1.1876 extends to as high as 1.2297 level. Now the pair is facing the upper boundary of the price channel on 4-hour chart. Key support is now at 1.2100, as long as...

GBPUSD Analysis. Being contained by 1.4769 previous high resistance, GBPUSD dropped sharply from 1.4758 last Friday, suggesting that a cycle top is being formed on 4-hour chart. The fall from 1.4758 could possibly be resumption of downtrend....

EURUSD Analysis. EURUSD’s bounce from 1.1876 extends to as high as 1.2147 level. Further rally is still possible later today and target would be at the upper border of the falling price channel on 4-hour chart. As...

USDJPY Analysis. USDJPY remains in uptrend from 88.98. The fall from 92.88 is more likely correction of uptrend. As long as 90.53 key support holds, another rise towards 94.98 is still possible and a break of 92.10...

USDCHF Analysis. USDCHF stays in a trading range between 1.1430 and 1.1730. Lengthier consolidation in the range would more likely be seen in a couple of days. As long as 1.1430 support holds, the price action in...

USDCAD Analysis. USDCAD is in uptrend form 1.0333, and the fall form 1.0678 is treated as correction of uptrend. Key support is now at 1.0515, as long as this level holds, uptrend could be expected to continue...

USDCHF Analysis. After touching 1.1449 support, USDCHF rebounded strongly from 1.1430, suggesting that a cycle bottom has been formed on 4-hour chart. Now the bounce from 1.1430 is more likely resumption of uptrend from 1.0434 (Apr 1...

USDCAD Analysis. USDCAD remains in downtrend from 1.0852 and the fall extends to as low as 1.0333 level. Deeper decline is still possible later today and target is the lower border of the price channel on 4-hour...

GBPUSD Analysis. GBPUSD runs in a rising price channel on 4-hour chart. As long as the support of the lower boundary of the price channel holds, uptrend could be expected to continue and one more rise to...

GBPUSD Analysis. GBPUSD’s bounce from 1.4230 extends further to as high as 1.4734 level, suggesting that lengthier consolidation of downtrend is underway. Further rally is still possible in a couple of days and next target would be...