USDCAD broke above 1.3015 (Oct 28, 2008 high) resistance and reached 1.3063 only. The following pullback suggests that a cycle top is being formed on daily chart. Key support is now located at 1.2500, a break below...
USDCHF broke below 1.1459 support and reached 1.1430 only. The following rebound indicates that the medium uptrend from 1.0366 has resumed. Further rise towards 1.2100 is expected next week. Key support is now located at 1.1430, only...
USDJPY pulled back from 99.67, suggesting that a cycle top has been formed on daily chart. Moving sideways in a range between 95.00 and 100.50 is expected in a couple of weeks. The price action from 99.67...
AUDUSD broke above 0.6553 resistance. Further rise to 0.6700-0.6750 area to reach the next cycle top on daily chart is possible next week. Key support is now located at 0.6248, only fall below this level will signal...
GBPUSD is in range trading between 1.3503 and 1.4985. Deeper decline to test 1.3503 previous low is still possible next week. However, this level will more likely be held, and rebound is expected before breaking below this...
EURUSD broke above the resistance of the falling wedge pattern, suggesting that a cycle bottom is being formed at 1.2456 on daily chart, key resistance is located at 1.2991, a break above this level will confirm the...
The finance ministers and central bankers from the top 20 industrialized nations are set to begin another economic summit today in which a multitude of recent concerns about the economy will likely be addressed. These meetings, which...
During yesterday’s early afternoon hours, Crude Oil received a hasty sell-off when investors unwound their positions for riskier assets. With a recent boost to equity markets, the USD has also found itself losing strength to a number...
With few economic indicators expected to be released today, all eyes have turned to the Reserve Bank of New Zealand (RBNZ) as it positions itself to cut short-term interest rates by an expected 50 basis points. New...
USDCHF breaks below 1.1459 key support, suggesting that a cycle top has been formed at 1.1883 level on daily chart and the rise from 1.0366 has completed at this level. Deeper decline is now in favor and...
