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 resistance in next several days. The price action from1.4719 is more likely consolidation to long term up trend, pullback would more likely be seen before breaking above this level.

AUDUSD Analysis.
AUDUSD is in consolidation of down trend, further rally towards 1.7140 is possible in next several days. As long as 0.7140 resistance holds, we’d expect down trend to resume, and deeper decline could be seen to 0.6500 zone after consolidation, and a break down below 0.6755 will confirm the resumption of down trend.

USDCHF Analysis.
USDCHF is in down trend, and the rebound from 1.0366 is treated as consolidation of down trend. Deeper decline is still in favor. The short term target would be at 1.0300 zone. Initial resistance is located at 1.0631, only rise above this level will signal further rally towards 1.0800.

USDCAD Analysis.
USDCAD breaks above 1.2251 resistance and reaches 1.2334 level only. Pullback to test 1.1984 support could be seen later today. As long as this level holds, we’d expect one more rise above 1.2394 resistance.

USDJPY Analysis.
USDJPY formed a short term cycle top at 90.98 level on 4-hour chart. Pullback towards 88.00 zone is now in favor. Initial resistance is at 90.98, above this level will signal further rally towards 93.00-50 area.

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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 days. However, the price action from1.4719 is treated as consolidation to long term up trend, pullback would more likely be seen before breaking above this level.

AUDUSD Analysis.
No changed in our view, AUDUSD is in down trend. The price action from 0.6763 is more likely consolidation to down trend. Rise towards 0.7050 to reach the next short term cycle top is still possible in a couple of days. As long as 0.7140 resistance holds, we’d expect down trend to resume, and deeper decline could be seen to 0.6500 zone after consolidation, and a break down below 0.6755 will confirm the resumption of down trend.

USDCHF Analysis.
USDCHF breaks below 1.0410 support and reaches 1.0366. Deeper decline could be seen to 1.0300 level in a couple of days. Initial resistance is located at 1.0700, as long as this resistance holds, we’d expect down trend to continue.

USDCAD Analysis.
USDCAD stays in the narrow trading range between 1.1984 and 1.2251. Rise towards 1.2700 would more likely be seen in next several days, and a break above 1.2251 level will confirm such case. Initial support is located at 1.1984, below this level will signal deeper decline to retest 1.1464 (Nov 5 low) support.

USDJPY Analysis.
USDJPY breaks below the key support at 89.89, suggesting that a short term cycle top has been formed at 90.98 level on 4-hour chart. Pullback towards 88.00 zone is now in favor. Initial resistance is at 90.98, above this level will signal further rally towards 93.00-50 area.

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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 holds, we’d expect down trend to resume, and deeper decline could be seen to 0.6500 zone after consolidation.

USDCHF Analysis.
USDCHF formed a short term cycle top at 1.1130 on 4-hour chart. Deeper decline to retest 1.0410 could be seen in a couple of days. A break below this level will signal further fall towards 1.0300 zone. However, the price action from 1.0410 is treated as consolidation to down trend, one more rise is still possible to retest 1.1130 resistance.

USDCAD Analysis.
USDCAD is in range trading between 1.1984 and 1.2251. Rise towards 1.2700 would more likely be seen in next several days, and a break above 1.2251 level will confirm such case. Initial support is now located at 1.1984, below this level will signal deeper decline to retest 1.1464 (Nov 5 low) support.

GBPUSD Analysis.
GBPUSD’s fall from 1.5722 extends to as low as 1.4575 level last week. Further decline is still possible to retest 1.4466 (Dec 4 low) support. A break down below this level will signal resumption of long term down trend. Initial resistance is located at 1.4898, above this level will indicate that a short term cycle bottom has been formed, and rebound towards 1.5300 could be seen to follow.

USDJPY Analysis.
USDJPY might be forming a short term cycle top at 90.98 on 4-hour chart. Key support is now located at 89.89, a break down below this level will confirm the cycle top, and the following pullback could bring price back to 88.00 zone. However, above 90.98 will signal resumption of up trend, and the next target would be at 93.00-50 area.

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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 on 4-hour chart. Rebound towards 0.7000 is expected in a couple of days. Initial support is at the up trend line from 0.6292 to 0.6486, a break below the trend line support will indicate that the rise from 0.6075 (Nov 20 low) has completed, and then deeper decline could be seen to 0.6500 level.

USDCAD Analysis.
USDCAD breaks above the down trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.1820, and the short term down trend from 1.3005 has completed. Further rebound is expected to 1.2700 after consolidation.

EURUSD Analysis.
EURUSD formed a short term cycle top at 1.4719 level on 4-hour chart, and the fall from 1.4719 extended to 1.3825 last week. Deeper decline to 1.3500 zone to reach the next cycle bottom is still possible later today, and the next cycle bottom is nearing.

GBPUSD Analysis.
GBPUSD pulls back sharply from 1.5722, signifying that the pair is back to range trading between 1.4466 and 1.5722. Further fall is still possible to 1.4650 zone later today, and rebound would more likely be seen before breaking below 1.4466 previous low support. However, below 1.4466 will signal deeper decline towards 1.4000 level.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 87.13 level on 4-hour chart. Further rebound could be seen in a couple of days, and the short term target would be at 91.50 level. Initial support is located at 87.13, only fall below this level will signal deeper decline towards 86.00 zone.

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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 trend line support is needed to confirm the resumption of down trend.

USDCHF Analysis.
USDCHF is forming a short term cycle top at 1.1130 on 4-hour chart. Pullback towards 1.0650 zone is expected later today and consolidation in a range between 1.0410 and 1.1130 could be seen to follow. Near term resistance is located at 1.1130, only rise above this level will signal further rally towards 1.1300 level.

USDCAD Analysis.
Unchanged in the short term outlook, USDCAD breaks above this down trend line on 4-hour chart, and formed a cycle bottom at 1.1820 on 4-hour chart. The pair is now in short term up trend, and further rise is expected to 1.2700 zone.

EURUSD Analysis.
EURUSD might be forming a short term cycle bottom at 1.3825 level on 4-hour chart. Key resistance is now located at 1.4124, a break above this level will confirm the cycle bottom, and then further rally could be seen to 1.4350 zone. Initial support is at 1.3825, only fall below this level will signal deeper decline towards 1.3700 level.

GBPUSD Analysis.
GBPUSD is in a trading range between 1.4466 and 1.5722. Further pullback to 1.4600 zone to reach the next cycle bottom is possible later today. Key resistance is now located at 1.4991, a break above this level will confirm the cycle bottom. Long term support is at 1.4466, below this level will indicate that the sideways consolidation from 1.4557 has completed, and then deeper decline towards 1.4000 zone could be seen to follow.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 87.13 level on 4-hour chart. Further rebound is still possible in a couple of days, and the short term target would be at 91.50 level. Initial support is located at 88.42 followed by 87.13, only fall below 87.13 level will signal deeper decline towards 86.00 zone.

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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 on 4-hour chart. Rebound towards 0.7000 is expected in a couple of days. Initial support is at the up trend line from 0.6292 to 0.6486, a break below the trend line support will indicate that the rise from 0.6075 (Nov 20 low) has completed, and then deeper decline could be seen to 0.6500 level.

USDCAD Analysis.
USDCAD breaks above the down trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.1820, and the short term down trend from 1.3005 has completed. Further rebound is expected to 1.2700 after consolidation.

EURUSD Analysis.
EURUSD formed a short term cycle top at 1.4719 level on 4-hour chart, and the fall from 1.4719 extended to 1.3825 last week. Deeper decline to 1.3500 zone to reach the next cycle bottom is still possible later today, and the next cycle bottom is nearing.

GBPUSD Analysis.
GBPUSD pulls back sharply from 1.5722, signifying that the pair is back to range trading between 1.4466 and 1.5722. Further fall is still possible to 1.4650 zone later today, and rebound would more likely be seen before breaking below 1.4466 previous low support. However, below 1.4466 will signal deeper decline towards 1.4000 level.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 87.13 level on 4-hour chart. Further rebound could be seen in a couple of days, and the short term target would be at 91.50 level. Initial support is located at 87.13, only fall below this level will signal deeper decline towards 86.00 zone.

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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 (Nov 5 low) and 1.3015 (Oct 28 low). As long as the trend line resistance holds, further pull back could be seen and short term target would be at 1.1700 zone.

EURUSD Analysis.
EURUSD pulls back sharply from 1.4719 level, suggesting that a short term cycle top is being formed on 4-hour chart. Consolidation of up trend could be seen in next several days. Initial resistance is now located at 1.4719, only rise above this level will signal resumption of up trend.

GBPUSD Analysis.
GBPUSD drops below 1.5204 support, signifying that a short term cycle top has been formed at 1.5722 on 4-hour chart. Further fall to 1.4750 zone to reach the next short term cycle bottom is expected, and consolidation in a range between 1.4750 and 1.5722 could be seen next week.

USDJPY Analysis.
USDJPY rebounds from 87.13 and reaches as high as 90.03 level. Further rise could be seen to 92.00 zone in next several days. Near term support is now at 87.13, only break below this level will signal deeper decline towards 86.00 zone.

USDCHF Analysis.
USDCHF rebound sharply from 1.0410, suggesting that a short term cycle bottom is being formed on 4-hour chart. Consolidation in a range between 1.0410 and 1.1000 is expected in next several days. Initial support is located at 1.0410 previous low, only fall below this level will signal resumption of down trend.

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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 now at 1.4008, as long as this level holds, up trend will continue.

GBPUSD Analysis.
GBPUSD is in up trend, and the pullback from 1.5722 is treated as consolidation of up trend. Moving in a range between 1.5204 and 1.5722 is expected in a couple of days. As long as 1.5204 support holds, we’d expect up trend to resume and further rise could be seen to 1.6000 zone in next several days.

USDJPY Analysis.
USDJPY break below 88.53 support and reaches as low as 87.13 level. Further fall is still possible to 86.00 zone in a couple of days. Initial resistance is now located at 89.00, only rise above this level will signal consolidation to down trend.

AUDUSD Analysis.
AUDUSD break above 0.7014 key resistance, suggesting that the long term downtrend from 0.9849 (July 15 high) has completed. Further rise is expected to 0.7500 zone in next several days. Near term support is now at 0.6700 and followed by 0.6486.

USDCHF Analysis.
USDCHF drops sharply to as low as 1.0689 level. Further fall is still possible to 1.0500-1.0600 area in next several days. Initial resistance is now at 1.1200, only rise above this level will indicate that the fall from 1.2249 has completed.

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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 will continue.

GBPUSD Analysis.
GBPUSD breaks above 1.5534 (Nov 25 high) key resistance, suggesting that the long term down trend from 2.0158 (July 15 high) has completed and the pair is now in up trend. Further rally could be seen to 1.6500 zone in next several days. Initial support is located at 1.5204, only fall below this level will signal consolidation to up trend.

USDJPY Analysis.
USDJPY is testing 88.53 support, deeper decline would more likely be seen, and a break below 88.53 level will indicate that the down trend from 100.54 (Nov 4 high) has resumed, and further fall could be seen to 86.00-87.00 area.

AUDUSD Analysis.
AUDUSD is testing 0.7014 (Nov 4 high) key resistance, a break above this level will indicate that the long term down trend from 0.9849 (July 15 high) has terminated, and further rally could be seen to 0.7500 zone.

USDCHF Analysis.
USDCHF drops sharply to as low as 1.1142 level and breaks below 1.1208 (Oct 30 low) support. Further fall is still possible to 1.1000 zone in next several days. Initial resistance is located at 1.1500, above this level will indicate that the fall from 1.2249 has completed.

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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 followed by 1.3250, as long as 1.3450 level holds, we’d expect up trend to continue.

GBPUSD Analysis.
GBPUSD rebound sharply to as high as 1.5377 level. Further rise is still possible to test 1.5534 (Nov 25 high) key resistance, a break above this level will indicate that the long term down trend from 2.0158 (July 15 high) has completed. However, as long as 1.5534 resistance holds, we’d expect down trend to resume, and one more fall below 1.4466 previous low is still possible. Initial support is located at 1.4815, below this level will signal resumption of down trend.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 88.53 level on 4-hour chart. Further rally is still possible to test 93.90 key resistance. A break above this level will indicate that the fall from 100.54 (Nov 4 high) has completed.

AUDUSD Analysis.
AUDUSD is forming a sideways consolidation in a range between 0.6486 and 0.6797. Pullback would more likely be seen before breaking above 0.6797 resistance. However, above this level will signal further rally to retest 0.7014 (Nov 4 high) long term resistance.

USDCHF Analysis.
USDCHF drops sharply to as low as1.1556 level. Deeper decline is still possible 1.1400 zone in a couple of days. Initial resistance is now located at 1.1750, as long as this level holds, we’d expected down trend to continue.

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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 13 low) is treated as consolidation to long term down trend. As long as 1.5534 resistance holds, we’d expect downtrend to resume, and one more fall below 1.4466 is still possible after consolidation.

USDJPY Analysis.
After breaking below 90.92 (Oct 24 low) support, USDJPY rebounds sharply from 88.53 level last Friday, suggesting a short term cycle bottom is being formed. Further rally is still possible to test 93.90 key resistance. A break above this level will indicate that the fall from 100.54 (Nov 4 high) has completed.

AUDUSD Analysis.
AUDUSD pulls back sharply from 0.6797 last Friday, suggesting that a cycle top has been formed on 4-hour chart. Further fall is expected to test 0.6292 level in next several days. However, a break below 0.6486 level is needed to confirm such case.

USDCHF Analysis.
USDCHF is in down trend. Deeper decline is still possible to 1.1600 zone in a couple of days. Initial resistance is now located at 1.1850, as long as this level holds, we’d expected down trend to continue.

USDCAD Analysis.
Being supported by 1.2125 previous low, USDCAD rebounds from 1.2158 level, suggesting that a short term cycle bottom is being formed on 4-hour chart. Further rally is now in favor, and short term target would be at 1.2900 zone. Only fall below 1.2158 will signal deeper decline towards 1.1800.

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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 low) support. Only rise above 1.3080 previous high will signal further rally towards 1.3290 (Oct 30 high) resistance.

AUDUSD Analysis.
AUDUSD remains in short term up trend. Further rally is still possible to 0.6800 zone in a couple of days. Key support is located at 0.6332, a break below this level will indicate that the rise from 0.6075 has completed, and pullback to retest 0.6075 support could be seen to follow.

USDCAD Analysis.
USDCAD is in down trend, and the trading range between 1.2125 and 1.2478 is treated as consolidation to down trend. Initial resistance is at 1.2478 followed by 1.2600. As long as 1.2600 resistance holds, we’d expected downtrend to resume, and deeper decline is still possible to 1.1800 level.

USDCHF Analysis.
USDCHF formed a short term cycle bottom at 1.1828 on 4-hour chart. Further rise is still possible to 1.2200 zone. Initial support is now located at 1.1828, only fall below this level will signal deeper decline to 1.1600 zone.

USDJPY Analysis.
No changed in our view, USDJPY consolidates in a range between 93.55 and 97.43. A break above 97.43 resistance will indicate that the down trend from 100.54 (Nov 4 high) has completed, and the following up trend will bring price to 100.00 zone. Only fall below 93.55 will signal deeper decline towards 90.92 (Oct 24 low) level.

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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 still possible to 0.6850 zone in a couple of days. Key support is now located at 0.6332, a break below this level will indicate that the rise from 0.6075 has terminated, and pullback to retest 0.6075 support could be seen to follow.

USDCAD Analysis.
USDCAD traded in a narrow range between 1.2125 and 1.2478 for 3 days. Initial resistance is at 1.2478 and followed by 1.2600. as long as 1.2600 resistance holds, we’d expect downtrend to resume and deeper decline is possible to 1.1800 zone.

GBPUSD Analysis.
GBPUSD stays above the up trend line on 4-hour chart, and remains in up trend. Further rise is still possible to 1.6000 zone in a couple of days. Initial support is at the up trend line and key support is at 1.4980, as long as 1.4980 level holds, up trend will continue.

USDCHF Analysis.
USDCHF rebounds sharply from 1.1828 and breaks above 1.2061 resistance, suggesting that a short term cycle bottom has been formed at 1.1828 on 4-hour chart. Further rise towards 1.2200 is expected in a couple of days. Initial support is now located at 1.1828, only fall below this level may signal deeper decline to 1.1600 zone.

USDJPY Analysis.
USDJPY consolidates in a range between 93.55 and 97.43. A break above 97.43 resistance will indicate that the down trend from 100.54 (Nov 4 high) has completed, and the following up trend will bring price to 100.00 zone. Only fall below 93.55 will signal deeper decline towards 90.92 (Oct 24 low) level.

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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 long as 1.2600 level holds, down trend will continue.

GBPUSD Analysis.
GBPUSD breaks above 1.5249 resistance and reaches as high as 1.5534 level. Further rally could be seen to 1.6000 zone in a couple of days. Initial support is at the up trend line on 4-hour chart, as long as the trend line support holds, we’d expect up trend to continue.

USDCHF Analysis.
USDCHF’s fall from 1.2296 extends to 1.1828 level. Further fall is still possible to 1.1600 zone in a couple of days. Initial resistance is located at 1.2061, only rise above this level will signal resumption of up trend.

USDJPY Analysis.
Being contained by the previous high resistance at 98.18, USDJPY pulls back from 97.43 level, suggesting that a short term cycle top has been formed on 4-hour chart. Further fall to test 93.55 is still possible in a couple of days, and a break below this level will signal deeper decline towards 90.92 (Oct 24 low) support. Key resistance is now located at 97.43, above this level will indicate that the fall from 100.54 (Nov 4 high) has completed, and the following up trend will bring price further to 100.00 zone.

EURUSD Analysis.
EURUSD is in range trading between 1.2329 (Oct 28 low) and 1.3290 (Oct 30 high). Further rise to test 1.3290 is still possible in a couple of days, and pullback would more likely be seen before breaking above this level. Initial support is at the up trend line on 4-hour chart, a break down below the trend line support will indicate that the rise from 1.2423 has completed.

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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 is located at 1.4557, only fall below this level will signal deeper decline to 1.4000.

USDCHF Analysis.
USDCHF breaks below the support of the rising trend line from 1.1549 to 1.1941, suggesting that a short term cycle top has been formed at 1.2296 level on 4-hour chart. Deeper decline is still possible to 1.1600 zone. However, the fall from 1.2296 is treated as correction to up trend, as long as 1.1600 support holds, we’d expect up trend to resume and further rally could be seen to 1.2500 zone after correction.

USDJPY Analysis.
USDJPY rebounds from 93.55, suggesting that a short term cycle bottom has been form on 4-hour chart. Further rise could be seen to test 98.18 resistance, a break above this level will indicate that the fall from 100.54 (Nov 4 high) has completed, and the following up trend will bring price further to 100.00 zone. Near term support is located at 93.55, only fall below this level will signal deeper decline to retest 90.92 (Oct 24 low) support.

AUDUSD Analysis.
AUDUSD’s rebound from 0.6075 extends to as high as 0.6554 level, suggesting that the pair is back to range trading between 0.6008 (Oct 27 low) and 0.7014 (Nov 4 high). Further rally is now in favor, and target is at 0.6850 zone.

EURUSD Analysis.
EURUSD breaks above 1.2854 resistance, signifying that the range trading between 1.2329 (Oct 28 low) and 1.3290 (Oct 30 high) is underway. Further rise is expect to 1.3150 in a couple of days. Key support is now located at 1.2389, only fall below this level will signal deeper decline towards 1.2000 zone.

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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 be at 1.2500 zone. Key support is located at 1.1941, only break below this level will signal reversal of up trend.

USDJPY Analysis.
USDJPY’s pullback from 100.54 extends to as low as 93.55 level last week. Deeper decline is still possible to retest the previous low support at 90.92 (Oct 24 low) level. However, the fall from 100.54 is treated as correction of up trend. As long as 90.92 level holds, we’d expect up trend to resume and one more rise above 100.54 is expected.

AUDUSD Analysis.
Being supported by 0.6008 previous low, AUDUSD rebounds from 0.6075 level. However, deeper decline is still possible to 0.5700 zone. Initial resistance is at 0.6400, and key resistance is located at 0.6694, only rise above 0.6694 will take price back to retest 0.7014 level.

EURUSD Analysis.
EURUSD traded in a range between 1.2329 (Oct 28 low) and 1.3290 (Oct 30 high) for several weeks. Deeper decline is still in favor. A break down below 1.2389 will signal further fall towards 1.2000 zone.

USDCAD Analysis.
Being contained by 1.3015 (Oct 28 high) resistance, USDCAD pulls back from 1.2984 level. Further fall to test the support of the up trend line from 1.1658 to 1.2098 is expected. Breaking below this trend line support will indicate that the up trend from 1.1464 (Nov 5 low) has completed, and then deeper decline could be seen to 1.2000 zone.

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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 support is at the lower border of the price channel, now at 1.2035. Key support is at 1.1941, only fall below this level will signal reversal to uptrend.

USDJPY Analysis.
USDJPY breaks below 94.47 previous low support and reaches as low as 93.55 level. Deeper decline could be seen to retest 90.92 (Oct 24 low) level. Initial resistance is located at 96.25, as long as this level holds, down trend will continue.

AUDUSD Analysis.
AUDUSD breaks below 0.6340 key support and formed a short term cycle top at 0.6694 on 4-hour chart. The pair is now testing 0.6008 previous low support, a break down below this level will signal deeper decline towards 0.5500 zone.

EURUSD Analysis.
No changed in our view, EURUSD formed a short term cycle top at 0.2854 level on 4-hour chart. Deeper decline towards 1.2000 is now in favor, and a break below 1.2389 will confirm such case. Near term resistance is at 1.2854, only rise above this level will signal lengthier consolidation to down trend.

USDCAD Analysis.
USDCAD is testing 1.3015 (Oct 28 high) resistance, a break of this level will signal resumption of long term up trend. Initial support is at the up trend line from 1.1658 to 1.2098, as long as the trend line support holds, we’d expect up trend to continue.

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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 been form at 98.18 level on 4-hour chart. Deeper decline is expected to 92.00 zone in next several days, and a break down below 94.47 will confirm such case.

GBPUSD Analysis.
GBPUSD might be forming a short term cycle top at 1.5249 level on 4-hour chart and the fall from 1.5249 could possibly be resumption of down trend. Key support is now located at 1.4900, a break below this level will confirm the cycle top, and the following decline could bring price towards 1.4000 zone or even lower.

AUDUSD Analysis.
AUDUSD is testing 0.6340 support, a break below this level will signal deeper decline towards 0.6000 zone. Key resistance is located at 0.6694, only rise above this level will bring price back to retest 0.7014 previous high resistance.

EURUSD Analysis.
EURUSD formed a short term cycle top at 0.2854 level on 4-hour chart. Deeper decline towards 1.2000 is now in favor, and a break below 1.2389 will confirm such case. Near term resistance is at 1.2854, only rise above this level will signal lengthier consolidation to down trend.

USDCAD Analysis.
USDCAD breaks out of the trading range between 1.2098 and 1.2445. Further rally is expected to 1.2800 zone. Previous high resistance at 1.3015 (Oct 28 high) would more likely be held, pullback is expected before breaking above this level. Initial support is at the up trend line from 1.1658 to 1.2098, as long as the trend line support holds, we’d expect up trend to continue.

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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 rally is still in favor. We are waiting for a break above 98.18 level to confirm the resumption of up trend. However, below 94.47 key support will indicate that a short term cycle top has been formed at 98.18 level on 4-hour chart, and deeper decline could then be seen to 93.00 zone.

GBPUSD Analysis.
GBPUSD is in consolidation to down trend, further rally is still possible to 1.5300 zone later today. However, the next short term cycle top is nearing, pullback below 1.4557 could be seen after consolidation.

AUDUSD Analysis.
AUDUSD trades in a range between 0.6340 and 0.6694. A break down below 0.6340 level will signal deeper decline towards 0.6008 previous low. Key resistance is located at 0.6694, above this level will confirm that a short term cycle bottom has been formed at 0.6340, and further rally could be seen to retest 0.7014 resistance.

EURUSD Analysis.
EURUSD is forming a short term cycle top at 1.2854 level on 4-hour cart. Key support is now at at 1.2512, a break down below this level will confirm the cycle top, and next short term target would be at 1.2000 zone. However, above 1.2854 level will signal further rally towards 1.3100 zone.

USDCAD Analysis.
USDCAD trades in a narrow range between 1.2098 and 1.2445. Pullback to retest 1.1464 is now in favor, and a break below 1.2098 will confirm such case. However, above 1.2445 will signal further rally towards 1.2800 zone.

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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 as consolidation to down trend, further rally is still possible to 1.5300 zone later today. However, the next short term cycle top is nearing, pullback below 1.4557 could be seen after consolidation.

AUDUSD Analysis.
AUDUSD is forming as sideways consolidation in a narrow range between 0.6340 and 0.6694. A break down below 0.6340 level will signal deeper decline towards 0.6008 previous low. Key resistance is located at 0.6694, above this level will confirm that a short term cycle bottom has been formed at 0.6340, and further rally could be seen to retest 0.7014 resistance.

USDCHF Analysis.
Unchanged in our short term out look, USDCHF stays in a rising price channel on 4-hour chart. Further rally is still possible to 1.2200 zone in a couple of days. Initial support is at the lower border of the price channel, now at 1.1900. 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.

EURUSD Analysis.
EURUSD is forming a short term cycle top at 1.2854 level on 4-hour cart. Key support is at 1.2389, a break down below this level will confirm the cycle top, and next short term target would be at 1.2000 zone. Only rise above 1.2854 level will signal further rally towards 1.3100 zone.

USDCAD Analysis.
USDCAD trades in a narrow range between 1.2098 and 1.2445. Pullback to retest 1.1464 is now favor, and a break below 1.2098 will confirm such case. However, above 1.2445 will signal further rally towards 1.2800 zone.

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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 pulls back from 1.4961 level. Further decline is possible to 1.4000 zone in a couple of days. Initial resistance is at 1.4961 and followed by 1.5200 level, as long as 1.5200 holds, downtrend will continue.

AUDUSD Analysis.
AUDUSD is testing 0.6340 support, a break down below this level will signal deeper decline towards 0.6008 previous low. Initial resistance is now at 0.6694, above this level will indicate that the fall from 0.7014 is consolidation to up trend, and then rise to retest 0.7014 resistance could be seen to follow.

USDCHF Analysis.
USDCHF stays in a rising price channel on 4-hour chart. Further rally is still possible to 1.2200 zone in a couple of days. However, below the channel support will indicate that consolidation to up trend is underway, and then pullback could be seen to 1.1500 zone.

EURUSD Analysis.
EURUSD might be forming a short term cycle top at 1.2854 level on 4-hour cart. Key support is now at 1.2389, a break down below this level will confirm the cycle top, and next short term target would be at 1.2000 zone. Only rise above 1.2854 level will signal further rally towards 1.3100 zone.

USDCAD Analysis.
USDCAD is testing the 1.2445 resistance. A break above this level will signal further rally towards 1.2800 zone. Initial support is now at the lower border of the price channel, now at 1.2115 level, a break below this channel support will turn price back to test 1.1464 previous low support.

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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 touching 1.3290, EURUSD pulls back to as low as 1.2745 level. However, the fall from 1.3290 is treated as correction to up trend. Further rise to test 1.3785 (Oct 9 high) resistance is still possible after correction. Key support is located at 1.2329, only break down below this level will turn price back to down trend.

USDJPY Analysis.
No changed in the short term outlook, USDJPY might be forming a short term cycle top at 99.68 level on 4-hour chart. Pullback to retest 90.92 is still in favor. Key support is located at 96.07, a break down below this level will confirm the cycle top.

USDCAD Analysis.
USDCAD might be forming a short term cycle bottom at 1.1900 on 4-hour chart. Rebound to test 1.2430 resistance is expected later today. Initial support is at 1.1900, below this level will signal deeper decline to test 1.1740 level.

AUDUSD Analysis.
AUDUSD might be forming a short term cycle top at 0.6891 on 4-hour chart. Pullback to retest 0.6008 could be seen in next several days. Initial resistance is at 0.6891, only rise above this level will signal further rally to test 0.7064 resistance.

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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 Analysis.
EURUSD breaks above 1.3004 previous high resistance, suggesting further rally towards 1.3260 zone. A break of this level will indicate that the long term down trend from 1.4867 (Sep 22 high) has completed. Initial support is at 1.2670 and key support is at 1.2329 level.

USDJPY Analysis.
USDJPY might be forming a short term cycle top at 99.68 level on 4-hour chart. Pullback to retest 90.92 is now in favor. Key support is located at 96.07, a break down below this level will confirm the cycle top.

USDCAD Analysis.
USDCAD breaks below the support of the up trend line from 1.1304 to 1.1740, suggesting that a short term cycle top has been formed at 1.3015 and the up trend from 1.1304 has completed. Deeper decline could be seen to 1.2000 zone later today. Key resistance is now located at 1.3015, only rise above this level will signal resumption of up trend.

AUDUSD Analysis.
AUDUSD formed a short term cycle bottom at 0.6008 level. Further rally to test 0.7064 is still possible later today. However, the next cycle top is nearing, pullback to retest 0.6008 would more likely be seen before breaking above 0.7064 level.

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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 has been formed at 1.2329 level on 4-hour chart. Rebound to test 1.3004 resistance could be seen later today, as long as this level holds, we’d expect down trend to resume, and deeper decline to 1.2000 zone is still possible after consolidation.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 90.92 level on 4-hour chart and rebounded sharply to as high as 99.68 level. However, the next short term cycle top is nearing, pullback to retest 90.92 is possible in a couple of days, a break of this level will signal deeper decline to 88.00 zone.

USDCAD Analysis.
USDCAD is forming a short term cycle top at 1.3015 on 4-hour chart. Pullback to retest the support of the up trend line is expected. If the trend line support gives way, the next target would be at 1.2430 level. Key support is located at 1.2250, as long as this level holds, we’d expect up trend to resume, and further rally could be seen to 1.3500 zone after consolidation.

AUDUSD Analysis.
AUDUSD broke above 0.6267 resistance, suggesting that a short term cycle bottom has been formed at 0.6008 level on 4-hour chart. Further rise towards 0.7000 zone is still possible in a couple of days. Key support is now at 0.6008, a break down below this level will signal deeper decline towards 0.5500 zone.

GBPUSD Analysis.
GBPUSD broke above the down trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.5269 level. Consolidation in a range between 1.5269 and 1.6300 could be seen in a couple of days.

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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 is treated as consolidation to down trend, deeper decline is still possible to 88.00 after consolidation, and a break down below 90.92 level will signal resumption of down trend.

USDCAD Analysis.
USDCAD remains in up trend, and the rise from 1.1304 extends to 1.3007 level. Further rally towards 1.3350 is still possible in a couple of days. Initial support is at the up trend line from 1.1304 to 1.1740, and key support is at 1.2430. As long as the trend line support holds, we’d expect up trend to continue.

USDCHF Analysis.
No changed in our view, USDCHF is forming a sideways consolidation in a range between 1.1481 and 1.1746. As long as 1.1481 support holds, we’d expect uptrend to resume, and further rally towards 1.2000 could be seen after consolidation, a break of 1.1746 will confirm the resumption of up trend.

AUDUSD Analysis.
AUDUSD remains in down trend and the fall from 0.7064 extends to as low as 0.6008 level. Deeper decline is still possible to 0.5700 zone. Near term resistance is at 0.6267, only rise above this level will signal consolidation to down trend.

GBPUSD Analysis.
GBPUSD is forming a sideways consolidation in a range between 1.5269 and 1.5946. As long as 1.5946 resistance holds, we’d expect downtrend to resume, and deeper decline is still possible to 1.4500 after consolidation.

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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 could be seen in a couple of days. Deeper decline is still possible to 88.00 zone after consolidation and a break of 90.92 will signal resumption of down trend.

USDCAD Analysis.
USDCAD’s up trend from 1.1304 extends to as high as 1.2839 level last week. Consolidation is possible in a couple of days and pullback could be seen to test the up trend line from 1.1304 to 1.1740. As long as the trend line support holds, we’d expect up trend to resume and a break of 1.2839 will signal resumption of up trend.

USDCHF Analysis.
USDCHF is forming a sideways consolidation in a range between 1.1481 and 1.1746. As long as 1.1481 support holds, we’d expect uptrend to resume, and further rally towards 1.2000 could be seen after consolidation, a break of 1.1746 will confirm the resumption of up trend.

AUDUSD Analysis.
AUDUSD fell below 0.6330 previous low support and reached as low as 0.6056 level. Deeper decline could be seen to 0.5700 in a couple of days. Initial resistance is now at 0.6460 and followed by 0.6750, only rise above 0.6750 level will take price back to 0.7000 zone.

GBPUSD Analysis.
GBPUSD dropped sharply to as low as 1.5269 last week. A short term cycle bottom has been formed. Sideways consolidation is expected in a couple of days. Initial resistance is at the down trend line on 4-hour chart, and key resistance is located at 1.6327 level. As long as 1.6327 level holds, we’d expect down trend to resume, and then deeper decline could be seen to 1.4500 zone.

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