USDCAD Analysis. USDCAD stays in the rising price channel on 4-hour and remains in uptrend from 1.0940. The price action in the trending range between 1.1418 and 1.1636 is treated as consolidation of uptrend. Further rise is...
USDCAD Analysis. USDCAD rebounds from the lower border of the rising price channel. Moving higher to test 1.1636 resistance is possible later today, a break above this level will signal further rally to 1.1700 zone. Near term...
By Jeffrey Kennedy Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit – and more importantly, do it consistently. How do they...
USDJPY Analysis. USDJPY’s rebound from 94.87 extends to 96.56 level. The following pullback could possibly be resumption of downtrend from 98.88. Deeper decline is possible to test 94.87 previous low support, a break below this level will...
GBPUSD Analysis. GBPUSD failed to test 1.6618 resistance and is back to range trading between 1.6187 and 1.6618. Breaking out of this range is needed in a couple of days. A break above 1.6618 will indicate that...
AUDUSD Analysis. After breaking below 0.7827 support, AUDUSD rebounded from 0.7789 level. The pair might be forming a short term cycle bottom on 4-hour chart. Key resistance is locate at 0.8118, a break above this level will...
GBPUSD Analysis. Being contained by 1.6662 previous high resistance, GBPUSD consolidated in a narrow range between 1.6187 and 1.6618 for several days. Now the pair might be forming a short term cycle top at 1.6560 level on...
USDCAD Analysis. USDCAD stays in a trading range between 1.1221 and 1.1448. The price action in the trending range is treated as consolidation of uptrend from 1.0784, and further rally is still possible to 1.1550 zone after...
EURUSD Analysis. EURUSD might be forming a short term cycle top at 1.4001 level on 4-hour chart. Moving lower to test 1.3748 key support is expected later today. A break below this level will indicate that the...
GBPUSD Analysis. GBPUSD stays in the trading range between 1.6209 and 1.6618. A break above 1.6618 will indicate that the uptrend from 1.3654 (Mar 11 low) has resumed, then further rally could be seen to 1.7000 zone....
