USDCHF’s upward movement from 0.9421 extends to as high as 0.9678. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and further rise towards 0.9769 previous high is still possible. On the downside, a ...
Updated June 29th, 2012 at 02:27 AM by nick74
USDJPY stays in a upward price channel on 4-hour chart. Support is at the lower line of the channel, as long as the channel support holds, the uptrend from 77.66 could be expected to resume, and another rise towards 83.00 is still possible. However, a clear break below the channel support will indicate ...
Updated June 27th, 2012 at 11:53 PM by nick74 (Removed link.)
USDJPY’s fall from 80.62 extends to as low as 79.23. Further decline towards the lower line of the price channel on 4-hour chart could be seen, a clear break below the channel support will indicate that the upward movement from 77.66 has completed at 80.62 already, then the following downward movement ...
Updated June 27th, 2012 at 12:05 AM by nick74 (removed link.)
USDCHF breaks above 0.9600 resistance, and reaches as high as 0.9628, suggesting that the downtrend from 0.9769 has completed at 0.9421 already. The pair is now in uptrend from 0.9421, further rise could be expected, and next target would be at 0.9700 area. Support is at 0.9540, only break below ...
Updated June 26th, 2012 at 12:04 AM by nick74 (removed link)
USDCHF is facing 0.9600 resistance, as long as this level holds, the bounce from 0.9421 could be treated as consolidation of the downtrend from 0.9769, and another fall to 0.9300 is still possible after consolidation. However, a break above 0.9600 resistance will indicate that the fall from 0.9769 ...
Updated June 25th, 2012 at 04:18 AM by nick74 (removed link.)
GBPUSD breaks below 1.5600 support, suggesting that a cycle top has been formed at 1.5776 on 4-hour chart. Now the pair is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the fall from 1.5776 could be treated as consolidation of the uptrend from ...
Updated June 22nd, 2012 at 04:07 AM by nick74 (Removed link.)
EURUSD fails to break above 1.2747 resistance. Range trading between 1.2500 and 1.2747 would likely be seen in a couple of days. As long as 1.2500 support holds, the price action from 1.2747 is treated as consolidation of the uptrend from 1.2288, and another rise to 1.2800-1.2900 area is possible. ...
Updated June 21st, 2012 at 04:46 AM by nick74 (Removed link.)
EURUSD remains in uptrend from 1.2288, the price action from 1.2747 is treated as consolidation of the uptrend. Key support is at 1.2500, as long as this level holds, another rise to 1.2800-1.2900 area is still possible after consolidation, and a break above 1.2747 could signal resumption of the ...
Updated June 20th, 2012 at 01:40 AM by nick74 (Removed link.)
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that lengthier consolidation of the uptrend from 1.2288 is underway. Support is at 1.2500, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.2800 is still possible. On the downside, ...
Updated June 19th, 2012 at 01:47 AM by nick74 (Removed link.)
USDCHF breaks below 0.9478 support and reaches as low as 0.9421. Further decline could be expected after a minor consolidation, and next target would be at 0.9300 area. Initial resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend will continue. ...
Updated June 18th, 2012 at 12:42 AM by nick74 (Removed link.)
USDJPY stays in a narrow range between 79.11 and 79.78. Initial support is located at 79.11, as long as this level holds, the sideways movement is treated as consolidation of the short term uptrend from 77.66, and another rise to test 80.61 key resistance could be expected. On the other side, a ...
Updated June 15th, 2012 at 02:26 AM by nick74 (removed link.)
AUDUSD traded in a range between 0.9820 and 1.0007 for several days. As long as 0.9820 support holds, the price action in the range is treated as consolidation of the uptrend from 0.9581, and further rise to 1.0100 could be expected after consolidation. On the other side, a breakdown below 0.9820 ...
Updated June 13th, 2012 at 05:20 AM by nick74
Being contained by 1.2670 resistance, EURUSD pulls back from 1.2668. Another rise to retest 1.2670 key resistance is still possible, a break above this level could indicate that the downtrend from 1.3283 has completed at 1.2288 already, then further rise to test to test 1.2823 resistance could be ...
Updated June 12th, 2012 at 02:32 AM by nick74 (Removed link.)
USDCHF breaks below 0.9500 key support and reaches as low as 0.9478, suggesting that the uptrend from 0.9043 has completed at 0.9769 already. The pair is now in downtrend, further decline could be expected over the next several days, and next target would be at 0.9300 area. Resistance is located ...
EURUSD’s bounce from 1.2288 extends to as high as 1.2585. Another rise to test 1.2670 key resistance would likely be seen later today, as long as this level holds, the price action from 1.2288 could be treated as consolidation of the downtrend from 1.3283, and another fall towards 1.2000 is still ...
Updated June 8th, 2012 at 01:39 AM by nick74 (Removed link.)
USDCHF’s fall from 0.9769 extends to as low as 0.9540. Deeper decline to test 0.9500 support would likely be seen later today, as long as this level holds, the fall is treated as consolidation of the uptrend from 0.9043, and one more rise towards 1.0000 is still possible after consolidation. However, ...
Updated June 7th, 2012 at 01:53 AM by nick74 (Removed link.)
USDCHF breaks below the upward trend line from 0.9043 to 0.9367, suggesting lengthier consolidation of the uptrend from 0.9043 is underway. Range trading between 0.9500 and 0.9769 would likely be seen over the next several days. The uptrend could be expected to resume after consolidation, as long ...
Updated June 4th, 2012 at 11:23 PM by nick74 (Removed link. Please add links to your signature.)
USDCHF has formed a cycle top at 0.9769 on 4-hour chart. Key support is a the upward trend line from 0.9043 to 0.9367, as long as the trend line support holds, the fall from 0.9769 is treated as consolidation of the uptrend, and one more rise towards 1.0000 is still possible. On the downside, a ...
Updated June 4th, 2012 at 05:36 AM by nick74 (Removed link.)