Following a week that predominately delivered remarkable record highs for gold, in addition to new lows for the Dollar; the main question is whether this trend will extend. Perhaps not and we’ll witness a change in trends...
USDCAD remains in downtrend and the rebound from 1.0206 is treated as consolidation of downtrend. Range trading between 1.0206 and 1.0500 is expected. Another fall towards 1.0000 is still possible after consolidation and a breakdown below 1.0206...
USDCHF stays in the falling price channel and remains in downtrend. As long as the channel resistance holds, we’d expect downtrend to continue and deeper decline towards 1.0000 is possible in a couple of weeks. Critical resistance...
Being contained by 87.12 (Jan 21 low) long term critical support, USDJPY rebounded from 88.01 level and broke above the falling trend line from 97.78 to 92.53, suggesting that a cycle bottom has been formed on daily...
AUDUSD has reached the upper border of the rising price channel on daily chart. A minor consolidation is expected in next several days and pullback towards the lower border of the price channel would more likely be...
GBPUSD broke above 1.6125 key resistance and reached as high as 1.6399 level, suggesting that a cycle bottom has been formed at 1.5708 level on daily chart. Further rise to test the resistance of the falling trend...
EURUSD broke above 1.4843 previous high and reached as high as 1.4966 level, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Another rise towards 1.5100-1.5200 area is expected in a couple of weeks. Support...
USD/JPY Open 90.65 High 91.27 Low 89.31 Close 90.54 On Thursday Dollar/Yen made a significant ascending movement. On the 3 hour chart the downward channel was broken upwards and quotes now move above 90.60. Our preferable scenario...
GBP/USD Open 1.6285 High 1.6400 Low 1.5993 Close 1.6267 Yesterday Pound/Dollar made a significant upward movement. The cable climbed from 1.5993 with nearly 300 pips, closing the day at 1.6267. This morning ascending continued to the key...
The movement in the forex market today is set to be driven by the release of crucial U.S. data. Amongst the most important of these publications are the TIC Long-Term Purchases, Industrial Production and Prelim UoM Consumer...
