EURUSD Analysis. EURUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3817 level on 4-hour chart and the bounce from 1.3435 has completed. Deeper...
USDCHF Analysis. USDCHF broke above 1.0639 resistance, suggesting that a cycle bottom has been formed at 1.0506 level on 4-hour chart. Sideways movement above 1.0506 is expected in a couple of days. Key resistance is now at...
USDJPY Analysis. USDJPY stays in a trading range between 89.53 and 91.08. Another fall to test 89.63 would more likely be seen later today. As long as this level holds, the price action in the trading range...
AUDUSD Analysis. AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 0.8801. Further rally is still possible in a couple of days and next target would be at 0.9250-0.9300 area. Support...
EURUSD Analysis. EURUSD’s bounce extended to 1.3795 only. The following pullback suggests that a cycle top is being formed on 4-hour chart. Now the fall from 1.0154 could possibly be resumption of downtrend from 15144 (Nov 25,...
USDJPY Analysis. USDJPY’s bounce from 88.14 extended to as high as 91.08 last week. Further rally to test the resistance of the falling trend line from 93.75 (Jan 7 high) to 92.14 is expected later today, a...
USDJPY Analysis. USDJPY’s bounce from 88.14 extended further to as high as 90.82. However, another fall towards 89.63 key support is still possible later today, a breakdown below this level will indicate that the downtrend from 93.75...
GBPUSD Analysis. After touching the upper border of the falling price channel, GBPUSD dropped from 1.5195 and formed a short term cycle top on 4-hour chart. Deeper decline to test 1.4784 support is expected, a breakdown below...
USDCAD Analysis. USDCAD’s downtrend extended further to as low as 1.0235 level. Deeper decline to test 1.0224 (Jan 14 low) is still possible later today. Bounce would more likely be seen before breaking below this level. Key...
GBPUSD Analysis. GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart. Deeper decline towards 1.4784 previous low is expected later today, a breakdown below...
