The Yen slid against its major currency counterparts and the Dollar posted mild losses against all currency pairs except the Yen following a rally in global equity markets. The rally prompted investors to turn to higher yielding...
The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades,...
USDCAD stays in the rising price channel on daily chart and remains in uptrend from 1.0784. Further rally to test 1.1813 resistance is possible next week. Near term support is at the lower border of the price...
USDCHF is forming sideways consolidation in a range between 1.0590 and 1.1021. Further rally is expected after consolidation and target would be at 1.1200-1.1500 area. Key support is now at 1.0590, only fall below this level will...
USDJPY is testing the support of the lower border of the falling price channel on daily chart. Consolidation is expected next week. However, the pair remains in downtrend from 98.88, deeper decline is still possible after consolidation...
AUDUSD drops below 0.7789 support and is now in consolidation of uptrend from 0.6248. Deeper decline is possible next week and target would be at 0.7500 zone. Key resistance is at 0.8263, only rise above this level...
GBPUSD is in range trading between 1.5801 and 1.6743. Moving sideways in this range is expected next week. As long as 1.5801 support holds, the price action in the trading range is treated as consolidation of uptrend...
EURUSD stays in a trading range between 1.3748 and 1.4338. Fall down to test 1.3748 key support is possible next week, a break below this level will signal deeper decline to 1.3500 zone. Near term resistance is...
U.S. Dollar came under much downward pressure on Thursday as the main developing countries led by China increased talk on replacing the USD as the global reserve currency. This helped the greenback plummet against its main currency...
The U.S dollar slid 0.8% against the Yen for a second day on speculation the G-8 leaders may question the greenback’s status as the world’s reserve currency. Leaders from the G-8 most-industrialized nations are meeting in Italy...
