Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level. However, the rise is more likely consolidation of downtrend from 98.88, deeper decline is still possible...
AUDUSD rebounds from 0.7703. Further rally is expected to test the resistance of the upper border of the price channel, a clear break above the channel resistance will indicate that a cycle bottom has been formed at...
GBPUSD stays in a trading range between 1.5801 and 1.6743. As long as 1.5801 support holds, the price action from 1.6662 is treated as consolidation of uptrend from 1.3654, and further rally is possible to 1.7000-1.7500 area...
EURUSD stays in a trading range between 1.3748 and 1.4338. Moving sideways without trend in the range is expected next week. Near term resistance is at 1.4197, and key resistance is at 1.4338, a break above 1.4338...
The forex market is set to go very volatile on the release of Building Permits data from the U.S. In turn, this is likely to be crucial in determining the Dollar’s strength, as this week’s trading comes...
Crude Oil prices remain steady at above $61 a barrel on Thursday, after gaining 3.4% in the previous session. Oil’s gains on Wednesday came after the Energy Information Administration (EIA) showed a bigger-than-forecast drop in Crude supplies...
Surprising the market yesterday was the release of the German ZEW Economic Sentiment report which showed confidence throughout the Euro-Zone’s largest economy had plunged throughout the previous month, highlighting that economic fundamentals have finally hit home the...
USDCAD breaks below the rising price channel on daily chart, suggesting that a cycle top has been formed at 1.1723 level on daily chart, pullback towards 1.1000 zone is now in favor. However, the fall from 1.1723...
The Yen slid against its major currency counterparts and the Dollar posted mild losses against all currency pairs except the Yen following a rally in global equity markets. The rally prompted investors to turn to higher yielding...
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,...
