Posts
EURUSD Analysis. EURUSD relic in uptrend from 1.4007 and the price action from 1.4444 is treated as compounding of uptrend. Near constituent hold is today at 1.4250, as daylong as this level holds, we’d wait the uptrend to resume and boost uprise towards 1.4600 is ease doable after compounding . However, below 1.4250 level will inform that a short constituent wheel top has been formed at 1.4447, then deeper decline could be seen to 1.4150 zone.
USDCAD Analysis. USDCAD breaks above the dropping trend line from 1.1113 to 1.0933, suggesting lengthier compounding of downtrend is underway. Further uprise is ease doable to 1.0850 later today. As daylong as 1.0933 key status holds, we would wait downtrend to resume and deeper decline to 1.0500 is ease doable after consolidation. However, above 1.0933 level will inform that the downtrend from 1.1723 has complete at 1.0632 already.
USDJPY Analysis. No denaturized in our short constituent outlook, USDJPY stays in the ascension price steer and relic in uptrend from 91.73. Sideways compounding between 94.36 and 95.88 is ease in favor later today and boost rally is doable to 96.00-96.50 Atlantic after consolidation. Near constituent hold is at 94.36 and key hold is at 94.01, below these levels will inform that the uptrend from 91.73 has complete at 95.88 level already, then boost fall to test 91.73 previous low hold could be seen to follow.
AUDUSD Analysis. AUDUSD relic in uptrend from 0.7703. Near constituent hold is today at the lower border of the ascension price steer on 4-hour chart. As daylong as the steer hold holds, we would wait uptrend to resume and boost rally to 0.8500-0.8600 Atlantic is ease possible. However, a clear break below the steer hold will suggest that the uptrend from 0.7703 has complete at 0.8469 already.
GBPUSD Analysis. GBPUSD breaks below 1.6888 key hold and drops sharply to as low as 1.6746, suggesting that a short constituent wheel top has been formed at 1.7042 level on 4-hour chart. Deeper decline is ease doable in a couple of days, and target would be in 1.6600-1.6650 area.
USDCHF Analysis. USDCHF has formed a short constituent wheel bottom at 1.0562 level on 4-hour chart. Further uprise is today in favor and target would be at 1.0700 zone. However, the uprise from 1.0562 is more likely compounding of downtrend from 1.0933, deeper decline is ease doable to 1.0450-1.0500 Atlantic is doable after consolidation.
