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EURUSD remains in downtrend from 1.3242

EURUSD remains in downtrend from 1.3242, the price action from 1.2796 is treated as consolidation of the downtrend. Range trading between 1.2796 and 1.2998 would likely be seen in a ... Read more

EURUSD’s rise from 1.2796 extends to 1.2938

EURUSD’s rise from 1.2796 extends to as high as 1.2938. However, the rise is likely consolidation of the downtrend from 1.3242. Resistance is located at the upper line of the ... Read more

USDCAD pulls back from 1.0312

Being contained by 1.0341 resistance, USDCAD pulls back from 1.0312. However, the fall is likely consolidation of the uptrend from 1.0013, one more rise to re-test 1.0341 resistance is possible, ... Read more

USDCAD is facing channel resistance

USDCAD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the downtrend from 1.0341 ... Read more

USDJPY continues its upward movement from 98.58

USDJPY continues its upward movement from 98.58, and the rise extends to as high as 102.42. Support is at 101.20, as long as this level holds, the uptrend could be ... Read more

GBPUSD breaks below trend line support

GBPUSD breaks below the support of the upward trend line from 1.4831 to 1.5034, suggesting that the uptrend from 1.4831 (Mar 12 low) had completed at 1.5605 already. The pair ... Read more

GBPUSD is testing trend line support

GBPUSD is testing the support of the upward trend line from 1.4831 to 1.5034, a clear break below the trend line support will indicate that the uptrend from 1.4831 (Mar ... Read more

USDCAD remains in downtrend from 1.0293

USDCAD remains in downtrend from 1.0293, the price action from 1.0051 is likely consolidation of the downtrend. Resistance is now located at the upper line of the price channel on ... Read more

GBPUSD is in uptrend from 1.4831

GBPUSD is in uptrend from 1.4831 (Mar 12 low), the fall from 1.5605 is treated as consolidation of the uptrend. Initial support is at 1.5447, and the key support is ... Read more

GBPUSD breaks below 1.5469 support

GBPUSD breaks below 1.5469 support, suggesting that consolidation of the uptrend from 1.4831 (Mar 12 low) is underway. Deeper decline would likely be seen, and the target would be at ... Read more

GBPUSD remains in uptrend from 1.5197

GBPUSD remains in uptrend from 1.5197, the fall from 1.5605 is likely minor consolidation of the uptrend. Support is at 1.5465, as long as this level holds, the uptrend could ... Read more

USDCAD remains in downtrend from 1.0293

USDCAD remains in downtrend from 1.0293, the rise from 1.0051 is likely consolidation of the downtrend. Resistance is at 1.0145, as long as this level holds, another fall could be ... Read more

USDJPY continues its sideways movement

USDJPY continues its sideways movement in a range between 95.83 and 99.94. As long as 95.83 support holds, the price action in the range is treated as consolidation of the ... Read more

EURUSD breaks above channel resistance

EURUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3201 had completed at 1.2955 already. Further rise to ... Read more

EURUSD is facing channel resistance

EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the fall from 1.3201 ... Read more

EURUSD stays within a downward price channel

EURUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel ... Read more

GBPUSD rebounded from 1.5197

Being contained by the support of upward trend line from 1.4831 to 1.5034, GBPUSD rebounded from 1.5197, suggesting that the downward movement from 1.5411 has completed. Further rise to test ... Read more

GBPUSD is facing trend line support

GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will suggest that the upward movement from 1.4831 had ... Read more

USDCAD moves sideways between 1.0203 and 1.0293

USDCAD moves sideways in a range between 1.0203 and 1.0293. Key support is at 1.0203, as long as this level holds, the price action in the trading range could be ... Read more

USDCAD remains in uptrend from 1.0083

USDCAD remains in uptrend from 1.0083, the fall from 1.0293 is treated as consolidation of the uptrend. Support is at 1.0200, as long as this level holds, another rise to ... Read more