Daily Forex Analysis

GBPUSD Analysis. After breaking below 1.4466 (Dec 4 low) support, GBPUSD forms a sideways consolidation on 4-hour chart. Initial resistance is now located at 1.4600, as long as this level holds, we’d expect down trend to resume, and further fall is still possible to 1.4000 zone in next several days. Key resistance is at 1.4766, only rise above this level will indicate that the short term down trend from 1.5722 has terminated. EURUSD Analysis. EURUSD trades in range between 1.3825 and 1.4360. One more rise is still possible to retest 1.4719...

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Daily Forex Analysis

GBPUSD Analysis. GBPUSD breaks below 1.4466 (Dec 4 low) support and the fall from 1.5722 extends further to as low as 1.4378 level, suggesting that the long term down trend from 2.0158 (July 15 high) has resumed. Deeper decline is expected to 1.4000 zone in next several days. Near term resistance is located at 1.4766, as long as this level holds, down trend will continue. EURUSD Analysis. EURUSD pulls back sharply from 1.4360 and reaches as low as 1.3914 level. One more rise is still possible to retest 1.4719 resistance in a couple of...

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Daily Forex Analysis

EURUSD Analysis. EURUSD breaks above 1.4124 key resistance, suggesting that a short term cycle bottom has been formed at 1.3825 level. Further rally could be seen to 1.4500 zone in next several days. However, the fall from 1.4719 is treated as consolidation to long term up trend, pullback would more likely be seen before breaking above this level. AUDUSD Analysis. AUDUSD is in down trend. The price action from 0.6763 is treated as consolidation to down trend. Rise towards 0.7050 is possible in a couple of days. As long as 0.7140 resistance...

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Daily Forex Analysis

USDCHF Analysis. USDCHF’s rebound from 1.0410 extended further to as high as 1.1130, suggesting that the short term down trend from 1.2249 has completed. Further rise to 1.1300 to reach the next short term cycle top on 4-hour chart is still possible later today, and the next cycle top is nearing. Key support is now located at 1.0900, a break down below this level will confirm the cycle top, and the following pullback will bring price back to1.0700 zone. AUDUSD Analysis. AUDUSD might be forming a short term cycle bottom at 0.6763 level...

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Daily Forex Analysis

AUDUSD Analysis. AUDUSD is forming a short term cycle bottom at 0.6763 level on 4-hour chart. Key resistance is now located at 0.6893, a break above this level will confirm the cycle bottom and then further rebound could be seen to 0.7000 zone. However, the price action from 0.6763 is treated as consolidation to down trend, as long as 0.7140 resistance holds, we’d expect down trend to resume and deeper decline could be seen to 0.6500 level after consolidation. Initial support is at the up trend line from 0.6292 to 0.6486, breaking below the...

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Daily Forex Analysis

USDCHF Analysis. USDCHF’s rebound from 1.0410 extended further to as high as 1.1130, suggesting that the short term down trend from 1.2249 has completed. Further rise to 1.1300 to reach the next short term cycle top on 4-hour chart is still possible later today, and the next cycle top is nearing. Key support is now located at 1.0900, a break down below this level will confirm the cycle top, and the following pullback will bring price back to1.0700 zone. AUDUSD Analysis. AUDUSD might be forming a short term cycle bottom at 0.6763 level...

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Daily Forex Analysis

AUDUSD Analysis. AUDUSD pulls back sharply from 0.7140 level. Further fall could be seen to test the support of the up trend line from 0.6292 to 0.6486. As long as the trend line support holds, we’d expect up trend to resume, and one more rise above 0.7140 is still possible after consolidation. However, below the trend line support will indicate that a short term cycle top has been formed at 0.7140 level on 4-hour chart, and then deeper decline could be seen to 0.6500 zone. USDCAD Analysis. USDCAD stays in the trading range between 1.1464...

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Daily Forex Analysis

USDCAD Analysis. USDCAD is forming a sideways consolidation in a range between 1.1464 (Nov 5 low) and 1.3015 (Oct 28 low). Deeper decline is still possible to retest 1.3015 support in next several days. As long as the resistance on down trend line holds, we’d expected the short term down trend from 1.3005 to continue. EURUSD Analysis. No changed in our short term outlook, EURUSD remains in up trend and the rise from 1.2549 extends to 1.4456 level. Further rise is still possible to 1.4700 zone after consolidation. Near term support is...

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Daily Forex Analysis

USDCAD Analysis. USDCAD breaks below 1.2158 support and reaches as low as 1.1986 level. Deeper decline is still possible to 1.1700 zone in next several days. Initial resistance is now located at the down trend line on 4-hour chart, as long as the trend line resistance holds, we’d expect down trend to continue. EURUSD Analysis. EURUSD remains in up trend and the rise from 1.2549 extends to 1.4147 level. Further rise is still possible to 1.4500 zone after consolidation. Near term support is at 1.3629, as long as this level holds, up trend...

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Daily Forex Analysis

USDCAD Analysis. USDCAD is forming a short term cycle bottom at 1.2158 level on 4-hour chart. Key resistance is now located at 1.2513, a break above this level will confirm the cycle bottom and the following up trend will bring price towards 1.2900 zone. Initial support is at 1.2158, only fall below 1.2158 will signal deeper decline towards 1.1800. EURUSD Analysis. EURUSD remains in up trend and the rise from 1.2549 extends to 1.3718 level. Further rise is still possible to 1.4000 zone in a couple of days. Initial support is at 1.3450...

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Daily Forex Analysis

EURUSD Analysis. EURUSD breaks above 1.3290 (Oct 30 high) key resistance, suggesting that the long term down trend from 1.6038 (July 15 high) has completed. The pair is now in long term up trend. Further rise is still possible to 1.3700 zone in next several days. Initial support is now at 1.3250, as long as the level holds, we’d expect up trend to continue. GBPUSD Analysis. GBPUSD breaks above 1.5048 resistance and is now in short term up trend. Further rise is still possible to 1.5300 zone. However, the price action from 1.4557 (Nov...

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Daily Forex Analysis

GBPUSD Analysis. GBPUSD traded in a narrow range between 1.5177 and 1.5534 for 2 days. Further rise is still in favor, and target would be at 1.1600 zone. Initial support is located at 1.5177, only fall below this level will signal lengthier consolidation to the short term up trend. EURUSD Analysis. EURUSD might be forming a short term cycle top at 1.3080 level on 4-hour chart. Key support is at 1.2803, a break down below this level will confirm the cycle top, and the following down trend will bring price back to retest 1.2329 (Oct 28...

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Daily Forex Analysis

EURUSD Analysis. EURUSD breaks below the support of the up trend line on 4-hour chart, suggesting that the pair is forming a short term cycle top at 1.3080 on 4-hour chart. Key support is at 1.2803, a break down below this level will confirm the cycle top, and the following down trend will take price back to retest 1.2329 (Oct 28 low) support. Only rise above 1.3080 level will signal further rally towards 1.3290 (Oct 30 high) resistance. AUDUSD Analysis. AUDUSD is moving to the next short term cycle top on 4-hour chart. Further rise is...

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Daily Forex Analysis

AUDUSD Analysis. AUDUSD is moving towards 1.6850 zone to reach the next short term cycle top on 4-hour chart. The resistance at 0.7014 would more likely be held and pullback could be seen before breaking above this level. Sideways consolidation between 0.6008 (Oct 27 low) and 0.7014 (Nov 4 high) is expected in a couple of weeks. USDCAD Analysis. USDCAD formed a short term cycle top at 1.2984 level on 4-hour chart. Deeper decline is expected to 1.1800 zone in a couple of days. Initial resistance is at 1.2478 and followed by 1.2600. as...

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Daily Forex Analysis

USDCAD Analysis. USDCAD breaks below the support of the up trend line from 1.1658 to 1.2098, suggesting that the up trend from 1.1464 has completed. Deeper decline could be seen to 1.2000 zone in next several days, and sideways consolidation in a range between 1.1464 and 1.3015 is expected in a couple of weeks. GBPUSD Analysis. GBPUSD is testing 1.5249 resistance, a break above this level will indicate that the fall from 1.8668 (Sep 25 high) has completed, and the following up trend will take price back towards 1.6000 zone. Key support...

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Daily Forex Analysis

GBPUSD Analysis. GBPUSD formed a short term cycle top at 1.5249 level, and the fall from 1.5249 is treated as resumption of down trend. Deeper decline is expected to 1.4000 zone. A break down below 1.4557 will confirm the resumption of down trend. Initial resistance is located at 1.5249, only rise above this level will signal further rally towards 1.5600 zone. USDCHF Analysis. USDCHF remains in up trend. As long as the rising trend line (from 1.1549 to 1.1941) support holds, we’d expect up trend to continue, and the next target would...

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Daily Forex Analysis

GBPUSD Analysis. GBPUSD breaks below 1.4900 key support, suggesting that a short term cycle top has been formed at 1.5249 level on 4-hour chart. Deeper decline is now in favor. The first target would be at 1.4000 zone. Initial resistance is at 1.4900, only rise above this level will signal lengthier consolidation to down trend. USDCHF Analysis. Unchanged in our short term out look, USDCHF remains in up trend, and the rise from 1.1208 (Oct 30 low) extends to as high as 1.2279 level. Further rally is still possible to 1.2500 zone. Initial...

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Daily Forex Analysis

USDCHF Analysis. USDCHF remains in uptrend and the rise from 1.1208 (Oct 30 low) extends to as high as 1.2145. As long as the price channel support holds, we’d expect up trend to continue and further rally could be seen to 1.2400 zone. Key support is now located at 1.1941, only fall below this level will indicate that a short term cycle top has been formed, and then the following pullback is possible to 1.1700 zone. USDJPY Analysis. USDJPY breaks out of the trading range between 95.94 and 98.18, suggesting that a short term cycle top has...

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Daily Forex Analysis

USDCHF Analysis. USDCHF stays in a rising price channel on 4-hour chart and the up trend remains. Further rally is still possible to 1.2100 zone in a couple of days. Initial support is at the lower border of the price channel, now at 1.1940. Key support is located at 1.1825, below this level will indicate that a short term cycle top has been formed, pullback could be seen to follow, and next short term target would be at 1.1500 zone. USDJPY Analysis. USDJPY remains in sideways consolidation in a narrow range between 95.94 and 98.18. Further...

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Daily Forex Analysis

USDJPY Analysis. USDJPY consolidates in a narrow range between 95.94 and 98.18. Further rally is still in favor, and a break above 98.18 level will signal resumption of up trend, and then the next target is to test 100.54 previous high resistance. However, below 94.47 will indicate that a short term cycle top has been formed at 98.18 level on 4-hour chart, deeper decline could then be seen to 93.00 zone. GBPUSD Analysis. GBPUSD breaks above the resistance of the falling price channel on 4-hour chart. The rebound from 1.4557 is treated...

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Daily Forex Analysis

USDJPY Analysis. No changed in our view, USDJPY formed a short term cycle bottom at 94.47 level, and the rebound is treated as resumption of up trend. As long as 94.47 support holds, further rally is still possible to test 100.54 previous high resistance, a break above this level will confirm that the fall from 110.66 (Aug 15 high) has completed. Key support is now located at 94.47, only fall below this level will signal deeper decline to retest 90.92 support. GBPUSD Analysis. Being contained by the falling price channel resistance, GBPUSD...

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Daily Forex Analysis

GBPUSD Analysis.GBPUSD is moving to the next short term cycle top on 4-hour chart. As long as 1.6212 support holds, further rally towards 1.6800 is still possible later today. However, below 1.6212 will indicate that a short term cycle top has been formed and then pullback to retest 1.5269 could be seen. USDCHF Analysis.USDCHF remains in down trend. The rebound from 1.1208 is treated as correction to down trend. Deeper decline is still possible to 1.1000 zone, and a break below 1.1208 will signal resumption of down trend. EURUSD Analysis.After...

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Daily Forex Analysis

GBPUSD Analysis.GBPUSD is in correction to down trend. Further rise to 1.6800 zone to reach the next cycle top is possible later today, and the next cycle top is nearing. As long as 1.6800 level hods, we’d expect down trend to resume, and one more fall below 1.5269 previous low could be seen. USDCHF Analysis.USDCHF breaks below 1.1400 key support and the fall from 1.1746 is treated as resumption of down trend. Deeper decline is expected to 1.1000 zone. Initial resistance is at 1.1481, as long as this level holds, down trend will continue. EURUSD...

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Daily Forex Analysis

USDCHF Analysis.USDCHF is testing 1.1481 support, a break down below this level will signal deeper decline towards 1.1400 zone. As long as 1.1400 support holds, we’d expect up trend to resume, and further rally towards 1.2000 is still possible. However, below 1.1400 will indicate that the up trend from 1.0693 (Sep 22 low) has completed, and then down trend would take price back to 1.1000 zone. EURUSD Analysis.EURUSD breaks above the price channel resistance, suggesting that the fall from 1.3785 (Oct 9 high) has completed. A short term cycle bottom...

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Daily Forex Analysis

EURUSD Analysis.EURUSD remains in down trend and the fall from 1.3785 extends further to 1.2334 level. Further fall is still possible to 1.2000 zone in a couple of days. Initial resistance is at the upper border of the price channel now at 1.2630, a break above this level will signal consolidation to down trend. USDJPY Analysis.USDJPY is forming a sideways consolidation in a range between 90.92 and 94.87. Rebound to 96.00 zone to reach the next short term cycle top on 4-hour chart is expected in a couple of days. However, the rise from 90.92...

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Daily Forex Analysis

EURUSD Analysis.EURUSD stays in the falling price channel and remains in down trend. Deeper decline to 1.2300 zone to reach the next short term cycle bottom could be seen in a couple of days. Initial resistance is at the upper border of the price channel now at 1.2800 and key resistance is located at 1.3004, a break of 1.3004 will indicate that the fall from 1.3785 has completed. USDJPY Analysis.USDJPY fell below 95.77 (Mar 17 low) last week and dropped sharply to as low as 90.92 level. A short term cycle bottom has been formed. Sideways consolidation...

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Justin Timberlake

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Johnny Depp

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