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EURUSD Analysis. EURUSD is investigating the hold of the lower border of the rising toll steer on 4-hour chart. A clear fortuity below the steer hold module signal deeper fall to effort 1.3793 key support. As long as 1.3793 hold holds, we’d expect uptrend to resume and digit more uprise towards 1.4600 is ease possible. However, below this take module declare that the uprise from 1.2884 has complete at 1.4338 already, and then deeper fall could be seen to 1.3550-1.3600 area.
AUDUSD Analysis. AUDUSD is investigating the hold of 0.7913. Deeper fall to 0.7750 take would more probable be seen later today and a fortuity down below 0.7913 take module confirm such case. However, the fall from 0.8263 is more probable compounding of uptrend from 0.6284 and further feat towards 0.8500 is ease doable after consolidation. attorney resistance is now settled at 0.8121, above this take module indicate that a brief constituent cycle bottom has been formed on 4-hour chart and the compounding from 0.8263 has completed.
USDCAD Analysis. USDCAD’s recuperate from 1.0784 extends to 1.1206 level. Further feat is doable to 1.1400 zone in a pair of days. However, the uprise from 1.0784 is treated as compounding of downtrend from 1.3063 and downtrend could be due to resume after consolidation. attorney hold is now at 1.0928, below this take module confirm the start of downtrend.
USDCHF Analysis. USDCHF rebounded sharply to as high as 1.0906 terminal week. Further uprise is ease doable to re-test 1.0953 resistance. A fortuity above this take module signal further feat to 1.1000-1.1050 area. Near constituent hold is at 0.0750, below this take module indicate that the recuperate from 1.0590 has completed, then deeper fall could be seen to effort 1.0590 previous baritone support.
USDJPY Analysis. USDJPY moves sharply to 98.88 take terminal week. Further uprise is due to effort 99.64 (May 7 high) resistance. However, compounding would more probable be seen before breaking above this level. Near constituent hold is at 97.70, as long as this take holds, the uptrend from 94.44 module continue.
GBPUSD Analysis. GBPUSD’s fall from 1.6662 extends to 1.5936 level. Deeper fall is due to effort 1.5777 key support, a fortuity down below this take module indicate that the uptrend from 1.4397 has complete at 1.6662 take already, and then the following downtrend module take toll to 1.5500 zone.
