The greenback firmed on Tuesday as share prices fell, prompting investors to shed perceived riskier currencies. Despite better than expected numbers from the Institute for Supply Management, shares on Wall Street showed only muted enthusiasm to the...
There were more signs that the U.S. economy was improving, as a string of positive data was released yesterday from the U.S. the most significant was the Chicago PMI, which printed higher-than- expected figures in the month...
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 traded in a range between 1.0632 and 1.1124 for several weeks. Move towards the upper border of the price channel on daily chart to reach next cycle top on daily chart would more likely be seen,...
USDCHF remains in downtrend from 1.0883. Deeper decline is still possible next week and next target would be at 1.0450-1.0500 area. Key resistance is now located at 1.0714, a break above this level will indicate that the...
USDJPY remains in downtrend from 101.43. Further fall is still in favor and next target is to test 91.73 previous low support, a break down below this level will signal deeper decline towards 89.00-90.00 area.
AUDUSD is testing 0.8477 previous high resistance, a break above this level will suggest that the uptrend from 0.6248 has resumed, and then further rally could be seen to 0.8600 zone. As long as 0.8477 resistance holds,...
GBPUSD remains in downtrend from 1.7042 and the fall extends to as low as 1.6153. Deeper decline to test 1.5801 key support is expected in next several days, a break below this level will indicate that the...
EURUSD stays in a rising price channel and remains in uptrend from 1.3748. As long as the channel support holds, we’d expect uptrend to continue and further rise to 1.4500-1.4600 area could be seen in next several...
Forex trading to today are set to be driven by a batch of data from both the U.S. and Britain. The main release from the U.S. today that traders are waiting for is the Consumer Spending, also...
