The pair has confirmed a strong bullish resumption with an acceleration towards 1,05 on friday.
The pair managed to establish above critical 0,90 level which confirms a bullish outlook.
The pair continues to consolidate on top of the key 76,00 level but we are starting to see the bounce building up.
The Cable has been consolidating all week, pulling back towards the 1,57 level.
The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.
The USD/JPY might be designing a bottom at current levels. In addition, seasonal patterns could support the currency during this period of the year. A move above 78.30 could target 78.70/79.40. Written by www.ProfitsOn.com The data contained...
The USD/CAD pair rose drastically on Friday as the oil markets sold off. The trend most certainly looks like it has changed in this pair, and with the Light Sweet Crude oil markets falling through the $80...
AUD/USD continued its fall on Friday as traders are selling off anything risk related at this point. The Aussie is especially sensitive to the global economy, and as there are concerns about China slowing down
USD/CHF rose on Friday as the “safe haven” trade came back into vogue. The Franc is no longer a safe haven currency since the Swiss National Bank is working against the value of it, and the USD...
GBP/USD had a fairly neutral day on Friday as traders bought and sold the pound in various spurts during the day. The 1.55 area looks to be supportive, but the trend is down. We feel that eventually...