After a small sideways consolidation, USDCHF drops sharply from 1.0953, suggesting that the pair remains in downtrend from 1.1740. Further fall is still possible next week, and the next target would be at 1.0500 level. Key resistance...
After touching the rising trend line from 93.53 to 95.62, USDJPY pulls back from 97.23 level, suggesting that a cycle top has been formed on daily chart. Deeper decline to retest 93.53 long term key support could...
AUDUSD remains in bullish movement and the uptrend from 0.6284 extends to as high as 0.8014 level. Further rally is still possible next week and target would be at 0.8200-0.8300 area. Near term support is at 0.7700,...
GBPUSD continues moving bullish and the rise from 1.4397 extends to as high as 1.6197 level. Further rally could be seen to 1.6600-1.6700 area next week. Near term support is at 1.5750 followed by 1.5500, as long...
EURUSD stays above the rising trend line on daily chart and remains in uptrend form 1.2884. Further rally to towards 1.4500 is expected next week. Initial support remains at the rising trend line and key support is...
Today, traders are advised to follow constant daily development coming out of the U.S. economy, such as the release of Prelim GDP figure. This indicator might provide for extreme market volatility in the major currency pairs. Traders...
The U.S. Dollar and Crude Oil experienced much bullishness in yesterday’s trading. The Dollar reacted positively to decent existing Home Sales data and Timothy Geithner’s optimistic speech regarding the U.S. economy. This helped the Dollar record a...
The U.S Consumer Confidence report which was released yesterday, gave a surprisingly positive result, suggesting that the public is retaining its faith in the North-American economy. In today’s trading, traders should pay special attention to the Existing...
Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered...
Many forex traders witnessing the strong bearish trends across the USD pairs and crosses have been wondering when it will come to an end. As last week’s U.S. housing market data and unemployment figures proved worse than...
