Posts
EURUSD Analysis. EURUSD might be forming a short term cycle top at 1.4001 take on 4-hour chart. Moving modify to effort 1.3748 key hold is expected after today. A fortuity beneath this take module indicate that the downtrend from 1.4338 has resumed. Then deeper decline could be seen to follow, and target would be at 1.3500 zone. Near term status is at 1.4001, exclusive uprise above this take module communication further feat to 1.4050-1.4100 area.
GBPUSD Analysis. GBPUSD is forming a sideways consolidation in a range between 1.5801 and 1.6662. Pullback to 1.5950-1.6000 area would more likely be seen in a couple of days. Initial status is at the dropping trend line on 4-hour chart, as long as the trend line status holds, we’d wait the downtrend from 1.6618 to continue.
USDCHF Analysis. USDCHF is forming a triangle pattern on 4-hour chart. Rebound to effort 1.0986 would more likely be seen in a couple of days, a fortuity above this take module communication further feat towards 1.1200 zone. Near term hold is at the modify abut of the triangle pattern, and key hold is at 1.0761, beneath this take module take price to effort 1.0650.
USDCAD Analysis. USDCAD consolidates in a narrow range between 1.1221 and 1.1448. As long as 1.1221 hold holds, we’d wait uptrend to uphold and further feat to 1.1500 is still possible. However, beneath 1.1221 module suggest that the short term uptrend from 1.0940 has completed, and then the following downtrend module take price to re-test 1.0928 key support.
AUDUSD Analysis. Being contained by 0.7827 support, AUDUSD rebounded from 0.7849 level. Further uprise to 0.8150 regularize would more likely be seen. Near term hold is now at 0.7849, exclusive start beneath this take module communication deeper decline to 0.7700-0.7750 area.
USDJPY Analysis. USDJPY relic in downtrend from 98.88 and the uprise from 95.51 is treated as consolidation of the downtrend. Further feat is still doable after today, and the short term target would be at 97.00-97.50 area.
