EURUSD Analysis.EURUSD broke above 1.5818 previous high resistance and pulled back sharply from 1.5843. A short term cycle top has been formed on 4-hour chart and the fall from 1.5843 is treated as resumption of down trend....
EURUSD Analysis.EURUSD rebounded sharply from 1.5365 and is testing 1.5818 previous high resistance. Further rise to 1.5900 area to reach the next short term cycle top on 4-hour chart is expected in a couple of days. Initial...
USDCHF Analysis.USDCHF failed to test 1.0526 resistance and pulled back sharply from 1.0520 level. The pair is back to range trading between 1.0214 and 1.0526. Deeper decline to retest 1.0272 is still possible later today. Initial resistance...
USDCAD Analysis.USDCAD rebounds sharply to as high as 1.0189, suggesting that the long term sideways consolidation from 1.0378 (Jan 22 high) has completed and long term up trend has resumed. Further rise to 1.0300 short term target...
EURUSD Analysis.EURUSD breaks below 1.5462 previous low support and down trend resumes. Deeper decline to test 1.5284 (May 8 low) is expected in a couple of days. Initial resistance is at the down trend line from 1.5818...
USDJPY Analysis.USDJPY drops sharply from 105.87 and formed a short term cycle on 4-hour chart. The fall from 105.87 is treated as resumption of down trend. Deeper decline to test 102.73 previous low support is expected to...
USDCHF Analysis.USDCHF pulls back from 1.0526 and is forming a short term cycle top on 4-hour chart. Deeper decline to retest 1.0214 previous low support is expected and break below this level to reach the next cycle...
USDJPY Analysis.As expected, USDJPY breaks above 105.70 (May 2 high) resistance. Further rally to 106.60 area to reach the next cycle top on 4-hour chart is still possible, and the next cycle top is nearing. Key support...
GBPUSD Analysis.GBPUSD formed a short term cycle top at 1.9852 and is in consolidation to the up trend. Pullback to test the up trend line from 1.9363 to 1.9453 is still possible later today. Key resistance is...
GBPUSD Analysis.GBPUSD broke below 1.9755 support and formed a short term cycle top at 1.9852 on 4-hour chart. The pair is now in correction to the up trend. Pullback to the up trend line from 1.9363 to...
