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Franco Shao
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Read all the technical research and analysis provided by Franco Shao
Being supported by the previous low at 1.4350, GBPUSD forms a sideways consolidation in a range between 1.4469 and 1.4706. Further fall is still possible after consolidation. A break down below 1.4469... GBPUSD dropped sharply from 1.5372 and reaches as low as 1.4469 level. Further fall is still possible to retest 1.4350 previous low support. Consolidation would more likely be seen before breaking ... USDCHF is testing 1.1277 resistance, a break above this level will suggest that the short term uptrend from 1.0366 has resumed, and then further rally towards 1.1600 zone could be seen to follow. ... GBPUSD consolidates in a narrow range between 1.4983 and 1.5372. As long as 1.4983 level holds, we’d expect uptrend to resume, and further rally could be expected to retest 1.5722 previous high ... USD JPY is forming a cycle top at 94.61 level on daily chart. Key support is located at 89.72, a break below this level will confirm the cycle top, and then the following downtrend will take price ... AUD USD rebounds from 0.6957 and is forming a short term cycle bottom on 4-hour chart. Further rise is expected to retest 0.7267 previous high resistance in next several days. Initial support is at ... EURUSD breaks above 1.3658 key resistance, suggesting that a short term cycle bottom has been formed at 1.3313 on 4-hour chart. However, the rise from 1.3313 is treated as consolidation of downtrend, ... EURUSD is in short term downtrend. The fall from 1.4360 extends to 1.3313 level. Deeper decline is still possible in a couple of days, and target would be at 1.3200 zone. Key resistance is located at ... USDCAD breaks below 1.1984 and reaches as low as 1.1866 level. Further fall is still possible to test 1.1820 previous low support, below this level will signal deeper decline towards 1.1600 zone. ... |