USDJPY traded in a narrow range between 97.90 and 99.70 for several days. The price action in the trading range is treated as consolidation of the uptrend from 95.62. Further rally to test 101.43 resistance is still...
AUDUSD remains in uptrend from 0.6284. Further rise to 0.7900-0.8000 area is possible in a couple of weeks. Initial support is at 0.7500 followed by the rising trend line on daily chart, as long as the trend...
GBPUSD broke above 1.5066 previous high and reached as high as 1.5247 level. Further rise to test the upper border of the rising price channel on daily chart is expected next week, a clear break above the...
EURUSD broke above 1.3392 key resistance, suggesting that a cycle bottom had been formed at 1.2884 level on daily chart and the rise from 1.2884 is possibly be resumption of the uptrend from 1.2456. Further rise is...
The hottest news available in today’s market will no doubt be the interest rate decisions by the Bank of England (BoE) and the European Central Bank (ECB) today at 11:00 and 11:45 GMT, respectively. As interest rates...
Buying of the Dollar resumed yesterday as equities finished lower and the U.S. economy showed better than expected manufacturing data. Traders are allocating their positions accordingly as the markets prepare to absorb a glut of economic news...
For the year thus far, the S&P 500 index is in positive territory. With this news the price of Crude Oil has also risen to its yearly high. However, the added buoyancy is hurting the Dollar as...
The U.S. dollar approached a 3 week low against the EUR as better economic data worldwide saw investors grow increasingly confident that the worst in the global economy may be past, boosting risk appetite. The Dollar resent...
USDCAD remains in downtrend from 1.3063. Deeper decline is expected to test 1.1761 previous low support next week. A break below this level will signal further fall to 1.1600 zone. Initial resistance is now at the falling...
USDCHF formed a cycle top at 1.1740 level on daily chart. Deeper decline to test 1.1159 support is possible next week. A break below this level will indicate that the fall from 1.1740 is resumption of the...
