GBPUSD has formed a cycle top at 1.5066 on daily chart. Further fall is expected to test 1.4110, a break below this level will indicate that the consolidation from 1.3503 has completed, and then deeper decline could...
EURUSD rebounds from 1.2884, suggesting that a cycle is being formed on daily chart. Further rise is expected to test 1.3392 key resistance next week. A break above this level will confirm the cycle bottom and indicate...
Whilst the Dollar declined in yesterday’s trading against most of its major currency pairs, Oil prices recorded considerable gains. Thus lately, there has been an inverse relationship between the greenback and the black gold. Therefore it is...
With an abnormal number of news events coming from Britain, the Euro-Zone and the United States today, forex traders have been in a frenzy to place their bets before the trading day gets underway. Trading during these...
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and the JPY have been the primary beneficiaries of this trading strategy. Comments by...
Drops in U.S. equity markets rattled investors as both the Dollar and the Yen benefited from traders unwilling to take on further risks. The price of Crude Oil also plunged due to further signs the U.S. economy...
USDCAD rebound sharply from 1.1981 level, suggesting that a cycle bottom is being formed. Key resistance is now located at 1.2483, a break above this level will confirm the cycle bottom, and then further rally could be...
GBPUSD breaks below the support of the rising trend line from 1.3654 to 1.4110, suggesting that a cycle top has been formed at 1.5066 level on daily chart and the rise from 1.3654 has completed. Further fall...
Last week, traders saw a flurry of economic news affecting the American economy and practically zero news emanating from Europe. This week appears to be the exact opposite. A blizzard of economic events is expected from the...
USDCAD breaks below 1.2191 support, suggesting that the medium term downtrend from 1.3063 has resumed. Deeper decline is still possible next week and the target is to test 1.1761 previous low support. Key resistance is now at...
