The result of the U.S. Federal Budget Balance is set to be the main driver of volatility for the US Dollar and forex trading in general today. The other releases that are expected to be key to...
EUR/USD Open 1.4781 High 1.4812 Low 1.4680 Close 1.4771 Euro/Dollar made downward correction on Monday, reaching a bottom at 1.4680, from where it sharply rose up to the 1.4680 top, closing the day at 1.4771. We may...
Following a week in which most of the major currencies remained at relatively steady rates, the Euro stood out in its appreciation against the Dollar, the Yen and the Pound. Will this continue to be the trend...
After breaking below 1.0590 previous low, USDCAD drops sharply to as low as 1.0410. Further fall is still possible in a couple of weeks, and target of next week would be at 1.0200 zone. Resistance level is...
USDCHF remains in downward trend from 1.1021. Move sideways in a range between 1.0186 and 1.0452 is possible next week. However, the price action from 1.0186 is more likely consolidation of downtrend, as long as 1.0452 resistance...
USDJPY’s downtrend from 97.78 extended further to as low as 88.01 level. Resistance remains at the falling trend line from 97.78 to 92.53. As long as the trend line resistance holds, we’d expect downtrend to continue and...
AUDUSD’s uptrend extends further to as high as 0.9089 level. Move to the upper border of the rising price channel on daily chart is expected next week and consolidation could be seen after touching the channel resistance....
GBPUSD consolidated in a narrow range between 1.5770 and 1.6125 for several days. Deeper decline to 1.5300-1.5500 area could be seen next week and a break below 1.5770 level will signal resumption of downtrend. Resistance is now...
EURUSD remains in uptrend from 1.3748 and the price action from 1.4843 is more likely consolidation of uptrend. Range trading between 1.4484 and 1.4843 is expected next week, and another pullback towards 1.4484 is possible. As long...
USD/JPY Open 88.69 High 89.36 Low 88.00 Close 88.58 Dollar/Yen failed to continue the upward correctional movement on Wednesday, after reaching a top at 89.36, went down to the 88.00 bottom, closing the day at 88.58. On...
