USDCAD Analysis. USDCAD stays below the falling trend line on 4-hour chart and remains in short term downtrend from 1.2483. Deeper decline is still possible to test the previous low support at 1.1761 (Jan 6 low). Initial...
USDCAD Analysis. USDCAD remains in short term downtrend from 1.2483. Further fall is still in favor and the next target will be at 1.2000 zone. Initial resistance is at the falling trend line on 4-hour chart, as...
GBPUSD Analysis. GBPUSD breaks above 1.4778 resistance, suggesting that a short term cycle bottom has been formed at 1.4585 on 4-hour chart. Further rise could be seen to test 1.4957 resistance, a break above this level will...
USDJPY Analysis. USDJPY might be forming a short term cycle bottom at 99.31 level on 4-hour chart. Key resistance is located at 100.85, a break above this level will confirm the cycle bottom. Range trading between 99.31...
EURUSD Analysis. As expected, EURUSD drops below 1.3112 previous low support, and the fall from 1.3581 extends further to 1.3089 level. Deeper decline is still possible to 1.2900-1.3000 area. Near term resistance is at the falling trend...
EURUSD Analysis. Being contained by the previous low support at 1.3112, EURUSD rebounds from 1.3148 level. The rise is treated as consolidation of the short term downtrend from 1.3581. Deeper decline is still possible after consolidation and...
AUDUSD Analysis. AUDUSD breaks below 0.7057 key support, suggesting that a short term cycle top has been formed at 0.7227 level on 4-hour chart and the short term uptrend from 0.6768 has completed already. Deeper decline is...
USDCHF Analysis. USDCHF breaks above 1.1389 key resistance and has formed a short term cycle bottom at 1.1240 on 4-hour chart. Range trading between 1.1240 and 1.1450 could be seen in a couple of days. However, the...
EURUSD Analysis. EURUSD formed a short term cycle bottom at 1.3112 level on 4-hour chart. Further rise to 1.3600-1.3700 area to reach the next cycle top is possible in a couple of days. As the next cycle...
In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful...
