GBPUSD Analysis. GBPUSD has consolidated above 1.5829 support for several days. Lengthier consolidation is still possible later today. However, a break down below 1.5829 key support will indicate that the downtrend from 1.6456 has resumed, then deeper...
USDCAD Analysis. USDCAD has reached 1.0556 support, a breakdown below this level will indicate that the uptrend from 1.0224 has completed at 1.0720 already, then the following downtrend could take price back to 1.0450 area. However, as...
USDCAD Analysis. USDCAD’s bounce from 1.0556 extended to as high as 1.0720 only. The subsequent pullback suggests lengthier consolidation of uptrend from 1.0224 is underway. More sideways movements are expected in a couple of days. As long...
USDJPY Analysis. After touching the falling trend line from 93.75 to 91.87, USDJPY pulled back from 90.91. One more fall towards 88.50 area is still possible in a couple of days. Key resistance is now at 90.91,...
USDCAD Analysis. USDCAD broke below the rising price channel on 4-hour chart and formed a short term cycle top at 1.0691 level. Now the price action from 1.0691 is treated as consolidation of uptrend. As long as...
USDCAD Analysis. USDCAD breaks below the lower border of the rising price channel on 4-hour chart, suggesting that a short term cycle top is being formed at 1.0691. Range trading between 1.0550 and 1.0691 would more likely...
EURUSD Analysis. Being contained by the falling trend line on 4-hour chart, EURUSD drops from 1.4194 level. However, sideways movement could still be seen later today and one more bounce towards1.4250 resistance is still possible. Initial support...
AUDUSD Analysis. AUDUSD break above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 0.8982 and the fall from 0.9327 has completed. Bounce to 0.9160 area to reach...
USDCHF Analysis. USDCHF failed to break above 1.0507 previous high resistance and pulled back from 1.0495. A short term cycle top had been formed on 4-hour chart. Sideways movement between 1.0350 and 1.0507 would more likely be...
USDCHF Analysis. Being contained by 1.0507 previous high resistance, USDCHF pulled back from 1.0495, suggesting that a short term cycle top is being formed on 4-hour chart. Sideways movement above the rising trend line is expected in...
