AUDUSD Analysis. AUDUSD break above 0.7617 key resistance, suggesting that a cycle bottom has been formed at 0.7450 level on 4-hour chart and the fall from 0.7709 has completed. Further rally to test 0.7709 previous high resistance...
GBPUSD Analysis. GBPUSD formed a short term cycle top at 1.5352 level on 4-hour chart. Range trading between 1.4943 and 1.5352 is expected in next several days and pullback to 1.5000 zone would more likely be seen...
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EURUSD Analysis. EURUSD failed to test 1.3738 (Mar 19 high) resistance and formed a short term cycle top at 1.3721 level on 4-hour chart. Range trading between 1.3400 and 1.3721 is now in favor and pull back...
USDCAD Analysis. Being supported by 1.1464 (Nov 5, 2008 low), USDCAD rebounds from 1.1474 level and breaks above the price channel resistance, suggesting that a short term cycle bottom has been formed at 1.1474 level on 4-hour...
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USDCAD Analysis. After touching the upper border of the falling price channel on 4-hour chart, USDCAD pulls back from 1.1697, suggesting that the pair remains in downtrend from 1.2504. The rise from 1.1474 is more likely consolidation...
GBPUSD Analysis. GBPUSD is in a trading range between 1.4943 and 1.5247. The price action in this range is more likely consolidation of the uptrend from 1.4397. As long as 1.4943 support holds, we’d expect uptrend to...
GBPUSD Analysis. Being supported by the lower border of the price channel on 4-hour chart, GBPUSD rebounded from 1.4943, suggesting a short term cycle bottom has been formed. Further rally is expected to 1.5400-1.5500 area. Initial support...
AUDUSD Analysis. AUDUSD might be forming a short term cycle top at 0.7615 level on 4-hour chart. Pullback towards the lower border of the rising price channel is expected later today. As long as the channel support...
