For the first time in decades economists are saying that we are heading for another Great Depression. With stocks continually sliding, sales dropping, and almost all global economies contracting simultaneously, these economists may not be far off...
Fibonacci numbers were named after an Italian mathematician called Leonardo Fibonacci. Fibonacci developed the numbers in 1170 when he was carrying out studies on the Egyptian Great Pyramid of Giza. Simply put, Fibonacci numbers are a series...
USDCAD is forming a sideways consolidation in a range between 1.1464 and 1.3015. Deeper decline is still possible to retest 1.1464 previous low support in next several days, and rebound would more likely be seen before breaking...
USDCHF formed a cycle bottom at 1.0410 level on daily chart. Consolidation in a range between 1.0410 and 1.1130 could be expected in a couple of weeks, and one more rise above 1.1130 would more likely be...
USDJPY is forming a cycle bottom at 87.13 on daily chart. Further rally is still possible to 95.00 zone in a couple of weeks. Initial support is located at 87.13, only fall below this level will signal...
AUDUSD is forming a cycle top at 0.7140 level on daily chart. Pullback towards 0.6300 is expected in a couple of weeks. Initial resistance is located at 0.7140, only rise above this level will signal further rally...
GBPUSD is testing 1.4466 previous low support, a break down below this level will signal deeper decline towards 1.4000 zone. As long as 1.4466 level holds, we’d expect up trend to resume, and one more rise above...
EURUSD formed a cycle top at 1.4719 level on daily chart. Consolidation in a range between 1.3825 and 1.4719 would more likely be seen next week. Initial support is now located at 1.3825, a break down below...
The weak U.S. economy continues to preoccupy investors as the economic outlook is bleak. Analysts believe that the Dollar will continue its downtrend deep into 2009, despite the recent Interest Rate cuts and stimulus packages.
The foreign exchange market, commonly known as Forex, is the largest financial market in the world, with an average daily turnover of trillions of dollars. It provides a platform for individuals, businesses, and financial institutions to trade...
