USDCAD has reaches the upper border of the triangle pattern. Pullback would more likely be seen and target would be at 1.1850-900 area. However, a break below 1.2280 level is needed to confirm such case. Initial resistance...
USDCHF pulls back sharply from 1.1883, suggesting that a cycle top is being formed. Key support is located at 1.1399, a break below this level will confirm the cycle top, and then deeper decline could be seen...
USDJPY is testing the previous high resistance at 94.61. Consolidation would more likely be seen before breaking above this level. However, a break of this level will indicate that the downtrend from 110.66 (Aug 15, 2008 high)...
AUDUSD formed a cycle top at 0.6849 level on daily chart. However, range trading between 0.6248 and 0.7267 is expected and rebound towards 0.7100 zone would more likely be seen in a couple of weeks. Near term...
GBPUSD has formed a cycle top at 1.4985 level on daily chart. Consolidation in a range between 1.3503 and 1.4985 is expected in a couple of weeks. Long term key resistance is now at 1.4985, a break...
EURUSD remains in medium term downtrend from 1.4719. The rebound from 1.2512 is treated as consolidation of the downtrend. Key resistance is now located at 1.3093, as long as this level holds, we’d expect downtrend to resume...
The EUR/USD saw extremely high price volatility yesterday. When the pair reached its intra day high which coincided with the opening the New York trading session, it depreciated to its opening price for the day. Driving the...
The U.S. Dollar is increasingly being chosen over the Yen as the choice currency during times of heightened risk aversion. The contracting global economy helped to strengthen the Dollar yesterday as the Yen begins to lose favor...
USDJPY’s rebound from 87.12 extends to as high as 93.95 level. Further rise is expected to test 94.61 long term key resistance, a break above this level will indicate that the fall from 110.66 (Aug 15, 2008...
Following the signing of President Barack Obama’s economic stimulus bill yesterday, the USD made modest gains against most of its currency rivals. In expectation of today’s housing data, the USD may continue to strengthen unless this news...
