EUR/USD Open 1.4648 High 1.4718 Low 1.4581 Close 1.4647 Euro/Dollar made a moderately increasing movement on Monday. The currency couple attempted to rise, reaching a peak at 1.4667, where the bullish impulse was limited, and the currency...
As the first week of October kicked off last week, traders witnessed a number of volatile jumps in the worlds 2 primary currencies: the EUR and USD. Optimism appeared to be on the rise in America while...
USDCAD traded in a range between 1.0590 and 1.1124 for several weeks. Rise towards 1.1400-1.1500 area would more likely be seen after the sideways consolidation, and a break above 1.1124 will confirm such case. Near term support...
USDCHF stays below the falling trend line on daily chart and remains in downward trend from 1.1021, and the rebound from 1.0186 is more likely consolidation of downtrend. As long as the trend line resistance holds, we...
USDJPY stays below the falling trend line from 97.78 to 92.53 and remains in downtrend. Deeper decline to test 87.12 long term critical support is possible after consolidation. Only rise above the trend line resistance will suggest...
AUDUSD remains in uptrend from 0.7703 and the fall from 0.8858 is more likely consolidation of uptrend. Near term support is at 0.8543, followed by the lower border of the rising price channel on daily chart now...
GBPUSD broke below 1.5801 support, confirming a bearish trend is under way. Deeper decline is still in favor and target would be at 1.5300 zone. Initial resistance is at 1.6150 followed by the falling trend line from...
EURUSD formed a cycle top at 1.4843 level on daily chart. Range trading between 1.4400 and 1.4843 is possible in a couple of weeks. However, the price action from 1.4843 is more likely consolidation of uptrend from...
As this week’s trading comes to an end, the market awaits vital data from the U.S. economy. Both the U.S. Non-Farm Employment Change and the U.S. Unemployment Rate is set to drive the volatility of the forex...
GBP/USD Open 1.5916 High 1.6023 Low 1.5864 Close 1.5952 On Thursday Pound/Dollar traded with volatility. The Cable went over 1.6000, reaching a peak at 1.6023, from where it started declining, closing the day at 1.5952. The Sterling...
