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USDCHF Analysis. Being contained by 1.0986 previous high resistance, USDCHF pulled back from 1.0955 level. As long as 1.0821 support holds, we’d expect uptrend to resume, and further rise is still possible to re-test 1.0986 resistance. However,...
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USDCHF Analysis. USDCHF breaks above 1.0857 resistance and is now in short term uptrend. Further rally is expected to test 1.0986 medium term key resistance, a break above this level will indicate that the downtrend from 1.1740...
GBPUSD Analysis. Being contained by 1.6662 previous high resistance, GBPUSD pulled back from 1.6618 last week. Range trading between 1.6240 and 1.6662 could be seen later today. As long as 1.6240 support holds, we’d expect uptrend to...
EURUSD Analysis. EURUSD breaks above 1.4143 resistance, suggesting that the short term uptrend from 1.3804 has resumed. Further rally to 1.4200-1.4250 area is expected later today, and consolidation is expected before breaking above 1.4338 previous high resistance....
USDCAD Analysis. USDCAD failed to test 1.0928 support and rebounded from 1.0940 level. However, the rise is treated as correction of the downtrend from 1.1289. One more fall to test 1.0928 support is expected later today. A...
GBPUSD Analysis. As expected, GBPUSD formed a short term cycle bottom at 1.5801 level on 4-hour chart. The rise from 1.5801 is now treated as resumption of uptrend from 1.3654 (Mar 11 low). Further rise to test...
EURUSD Analysis. Being contained by 1.3793 key support, EURUSD rebounds from 1.3804 level. However, the rise from 1.3804 is treated as consolidation of downtrend from 1.4338. Pullback to re-test 1.3793 would more likely be seen later today....
EURUSD Analysis. EURUSD is testing the support of the lower border of the rising price channel on 4-hour chart. A clear break below the channel support will signal deeper decline to test 1.3793 key support. As long...
