USDCHF’s downward movement from 0.9838 extends to as low as 0.8890. Further decline would likely be seen, and next target would be at 0.8600 area. Resistance is at the downward trend line on daily chart, as long...
USDJPY stayed in a trading range between 93.79 and 103.73 for several months. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low), as long as 93.79 key support...
AUDUSD remains in uptrend from 0.8847, the fall from 0.9756 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart. As long as the channel...
GBPUSD remains in uptrend from 1.4813, the price action from 1.6259 could be treated as consolidation of the uptrend. Support is at 1.5894, as long as this level holds, the uptrend could be expected to resume, and...
EURUSD’s upward movement from 1.2756 extends to as high as 1.3832. Support levels are at 1.3695 and 1.3600, as long as these levels hold, the uptrend could be expected to continue, and next target would be at...
For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets can be bewildering.
USDCAD is facing 1.0270 support, a breakdown below this level will indicate that the downtrend from 1.0568 has resumed, then the following downward movement could bring price to 1.0000 zone.
No changed in our view, USDCHF remains in downtrend from 0.9751, the rise from 0.8967 is treated as consolidation of the downtrend. Key resistance is at 0.9270, as long as this level holds, the downtrend could be...
USDJPY continues its sideways movement in a range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low), as long as 93.79 key support holds,...
AUDUSD’s upward movement from 0.8847 extends to as high as 0.9677. Further rise could be expected, and next target would be at 1.0000 area. Initial support is at 0.9550, and the key support is at 0.9400, only...
