Posts
FAUDUSD Analysis. Being contained by 0.8477 previous high resistance, AUDUSD pulled back from 0.8470 level. Sideways consolidation in a range between 0.8300 and 0.8470 would more likely be seen before breaking above 0.8477 take and another fall towards 0.8300 is expected later today. However a fortuity of 0.8477 module suggest that the uptrend from 0.7703 has resumed, then the incoming direct would be at 0.8600-0.8700 area.
GBPUSD Analysis. GBPUSD formed a brief constituent cycle bottom at 1.6153 take on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a couple of days. However the toll action from 1.6153 is treated as consolidation of downtrend from 1.7042, further fall towards 1.6000 is still possible after consolidation, and a fortuity below 1.6153 module signal resumption of downtrend.
EURUSD Analysis. EURUSD is now in brief constituent uptrend from 1.4045. Further rise to test 1.4447 is still in favor, and a fortuity above this take module suggest that the uptrend from 1.3748 (June 16 low) has resumed, then incoming direct could be at 1.4600-1.4700 area. attorney support is at 1.4200, only fall below this take module take toll back to 1.4100 zone.
USDCAD Analysis. USDCAD broke above 1.1019. suggesting that the uptrend from 1.0718 has resumed. Further rise to test 1.1124 is possible in a couple of days, a fortuity above this take module take toll to 1.1400 zone. Near constituent support is at the rising trend distinction from 1.0718 to 1.0791, as long as the trend distinction support holds, we’d wait uptrend to continue.
USDJPY Analysis. USDJPY remains in brief constituent downtrend from 95.05. Further fall is still in favor and incoming direct would be at 92.00 zone. Near constituent status is at the upper border of the toll channel on 4-hour chart, as long as the channel status holds, downtrend module continue.
USDCHF Analysis. No changed in our view, USDCHF remains in brief constituent downtrend from 1.0883. Near constituent status is located at the falling trend distinction on 4-hour interpret now at 1.0663, as long as the trend distinction status holds, we’d wait the downtrend to continue. attorney status is at 1.0714, above this take module indicate that the downtrend from 1.0883 has completed, then rebound towards 1.1000 could be seen to follow.
