Category: Short Term Analysis

AUDUSD Analysis. AUDUSD might be forming a cycle top at 0.8550 level on 4-hour chart. Key support is now at 0.8383, a break below this level will confirm the cycle top and indicate that the bounce from...

GBPUSD Analysis. GBPUSD might be forming a cycle top at 1.4609 level on 4-hour chart and the fall from 1.4609 could possibly be resumption of downtrend from 1.5522 (Apr 15 high). Another fall to test 1.4230 would...

EURUSD Analysis. Being supported by 1.2144 previous low, EURUSD bounced from 1.2153, taking price back to a trading range between1.2144 and 1.2671. Lengthier sideways consolidation in the range is expected in next several days. As long as...

USDCHF Analysis. USDCHF remains in uptrend from 1.0501 (Feb 14 low), and the fall from 1.1695 is treated as consolidation of uptrend. Range trading between 1.1424 and 1.1695 would more likely be seen in a couple of...

EURUSD Analysis. Being contained by 1.2144 support, EURUSD rebounded from 1.2178. Range trading between 1.2144 and 1.2671 is expected in a couple of days. As long as 1.2671 resistance holds, the price action in the trading range...

USDCHF Analysis. USDCHF continues its upward movement from 1.0923 and the rise extends to as high as 1.1620 level. As long as the trend line support holds, further rally is still possible and next target would be...

USDCAD Analysis. After breaking above 1.0735 previous high, USDCAD pulled back from 1.0749, suggesting that a cycle top is being formed on 4-hour chart. Sideways movement would more likely be seen in a couple of days. Support...

EURUSD Analysis. EURUSD breaks above 1.0244 resistance, suggesting that a cycle bottom has been formed at 1.2144 level on 4-hour chart. Range trading between 1.2144 and 1.2710 would more likely be seen in next several days. As...

USDCAD Analysis. USDCAD stays above a rising line from 1.0110 to 1.0246 and remains in uptrend. Further rally is still possible later today and target would be at 1.0575 area. Support is at the rising trend line...

EURUSD Analysis. EURUSD’s bearish movement extends further to as low as 1.2144 level. Deeper decline is still possible later today and next target would be at 1.2000 area. Resistance is at the falling trend line from 1.3093...