Forex Signals

AUDUSD may be forming a cycle bottom at 1.0148 on 4-hour chart. Further rally to test 1.0398 key resistance would likely be seen, a break above this level will indicate that the fall from 1.0764 has completed at 1.0148 already, then the following upward movement could bring price to 1.0800-1.0900 area. However, as long as [...]

With most currencies weakening against the USD a couple of weeks ago due to Standard & Poor’s downgrading of the U.S. economy from AAA to AA+ most currencies are resuming their strengthening pattern and are restoring prices back to the pre-AA+ days.
Previously I had mentioned that the EURUSD was forming a bullish flag pattern, [...]

I’ve never seen one so big, but it’s been 3 years in the making and could mean further weakening of the GBP against the Yen if this pattern is ever realised. As seen in the following long-term chart there is much support around the 120.00 mark, however, if this were ever broken it could mean [...]

USDCHF is forming a sideways consolidation in a range between 0.8082 and 0.8276. The sideways move could be expected to continue in a couple of days. As long as 0.8082 support holds, one more rise to 0.8400-0.8450 area is possible after the sideways move. However, a breakdown below 0.8082 could indicate that the long term [...]

The mass media is obsessed with bubbles. They see market bubbles everywhere, like in crude oil, soft commodities or China… Granted, there are some serious issues with all three, especially with China and its consumption of the other two.
According to a report from a colleague of mine, there could be something [...]

USDCHF may be forming a cycle top at 0.9233 on 4-hour chart. Key support is now at 0.9139, a breakdown below this level will confirm the cycle top, then another fall towards 0.8922 previous low could be seen. Immediate resistance is at 1.9233, only break above this level could indicate that the uptrend from 0.8922 [...]

USDCHF may be forming a cycle top at 0.9783 level on 4-hour chart. Key support is at 0.9604, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.9300 had completed, then the following downward move could bring price back to 0.9400-0.9500 area. Resistance is at 0.9783, only break [...]

USDJPY might be forming a cycle bottom at 83.50 level on 4-hour chart. Key resistance is at 84.00, a break above the level could confirm the cycle bottom and indicate that the fall from 84.49 has completed, then another rise to re-test 84.49 resistance could be seen. However, as long as 84.00 resistance holds, the [...]

EURUSD is forming a cycle top at 1.3497 level on daily chart. The fall from 1.3497 could possibly be resumption of downtrend from 1.4281. Deeper decline to test 1.2969 key support is expected next week, a breakdown below this level will confirm the cycle top, then another fall to 1.2500 area could be seen. Resistance [...]

USDCHF may be forming a cycle bottom at 0.9725 level on daily chart. Further rise towards 1.0066 would likely be seen next week, a break above this level will confirm the cycle bottom and indicate that the uptrend from 0.9463 has resumed, then next target would be at 1.3500 area. Support is at 0.9725, only [...]