Short Term M.Ayazumer

USDCHFUSDCHF is oversold and the cycle bottom on 4 hours chart is nearing, a slightly correction is needed before the resumption of the down trend, and a break above 1.2092 level may confirm such case. Otherwise, intraday bias remains on the downside and further fall towards 1.1919 previous low is still possible.USDJPYUSDJPY may be topping at 116.39 on 4 hours chart and further fall to test 115.37 previous low support is possible later today. Key...

Read More

Short Term M.AyazUmer

EURUSD EURUSD fail to test the resistance of the price channel and is topping at 1.3161 on 4 hours chart. The pair is overbought now, a slightly correction is needed, and pullback towards the bottom of the price channel to reach the next cycle bottom would more likely be seen before the resumption of the up trend. USDCHFUSDCHF is oversold and is bottoming at 1.2030 on 4 hours chart. A slightly correction is needed, and further rebound towards...

Read More

Short Term M.AyazUmer

USDCHFUSDCHF is in down trend and further fall to test 1.1919 previous low support is still possible in a couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.USDCADUSDCAD is in down trend and further fall towards 1.1264 previous low is still possible later today. Near term resistance is at the down trend line, as long as the trend line resistance holds, down trend...

Read More

Short Term M.AyazUmer

USDCADUSDCAD may be bottoming on 4 hours chart, the rebound from 1.1380 is treated as in correction to the down trend, and further fall towards 1.1250 level can be expected after this correction. Key resistance is at 1.1492, only break above this level may signal the resumption to the up trend.USDJPYUSDJPY is bottoming at 116.02 on 4 hours chart, rebound towards 117.00 level to reach the next cycle top can be expected in a couple of trading days....

Read More

Short Term M.AyazUmer

USDCADKey support at 1.1420 is broken below, USDCAD topped at 1.1492 on 4 hours chart, and the up trend from 1.1176 ended. Further fall towards 1.1350 level can be expected in a couple of days. Key resistance is at 1.1492, only break above this level may signal the resumption to the up trend.USDJPYThe up trend line (from 116.57 to 117.12) support is broken below, USDJPY is now in down trend. Further fall towards 116.00 level to meet the next cycle...

Read More

Short Term M.AyazUmer

USDJPYUSDJPY moved without trend in a narrow range between 117.12 and 118.58 for two weeks. Further rise above 118.58 to reach the next cycle top on 4 hours chart will more likely be seen in the next several days. On the other side, fall below 117.12 is still possible if the up trend line (from 116.57 to 117.12, now at 117.65) support is broken below.AUDUSDAUDUSD bottomed at 0.7613 on 4 hours chart and further rise towards 0.7750 level can be expected...

Read More

Short Term M.AyazUmer

USDJPYUSDJPY rebounded from 117.50 after meeting the up trend line support, the pair may be bottoming at 117.50 on 4 hours chart, and further rise above 118.58 to reach the next cycle top will more likely be seen in the next several days. Key support is at 117.12, only break below this level may signal the resumption of the down trend.AUDUSDAUDUSD is bottoming at 0.7613 and further rise towards 0.7750 level can be expected in the next several days....

Read More

Short Term M.Ayazumer

AUDUSDThe rebound from 0.7613 is limited by the price channel resistance, and AUDUSD is topping at 0.7694 on 4 hours chart. Key support is at 0.7631, a break below this level may confirm the cycle top. Pullback below 0.7613 to reach the next cycle bottom on 4 hours chart can be expected in the next several days.USDJPYThe down trend line resistance is broken above, USDJPY will move higher towards 119.00 level to reach the next cycle top on 4 hours...

Read More

Short Term M.AyazUmer

USDJPYUSDJPY moves without trend in a range between 117.12 and 118.58 in the past two weeks. The pair is testing the down trend line resistance, if this resistance gives way, rise towards 119.00 level can be expected. On the other side, if the trend line resistance holds, fall below 117.12 to reach the next cycle bottom on 4 hours chart can be expected.AUDUSDAUDUSD is in down trend, the rebound from 0.7613 is treated as in correction to the down...

Read More