GBPUSD remains in down trend. The price action from 1.4557 is treated as consolidation to down trend. Further rebound towards 1.5534 could be seen next week. As long as 1.5534 resistance holds, we’d expect down trend to...
EURUSD breaks above 1.3290 long term key resistance, suggesting that the down trend from 1.6038 (July 17 high) has terminated. Further rally is still possible to 1.3850-1.4000 area in next several days. Initial support is located at...
Dollar volatility is expected today as traders are likely to act on yesterday’s lows against the EUR and JPY. This coincides with several important economic data releases coming out of the United States today. These include the...
Traders should look for the release of two key indicators today; the U.S. Trade Balance and U.S. Unemployment Claims. As reported earlier this week, the U.S. economy has seen a record number of new jobless claims. This...
In forex trading, the USD is set to have a relatively quiet news week. This lack of major news indicates that the other major currencies, such as the GBP, CHF, JPY, and EUR, may be the market...
USDCAD fails to test the previous high resistance at 1.3015, and pulls back from 1.3005 level. Further fall would more likely be seen to 1.2300 zone next week. However, a break above 1.3015 will signal further rally...
USDCHF is forming a sideways consolidation in a range between 1.1828 and 1.2296 on daily chart. Further rise is still in favor, the target would be at 1.2500 zone, and a break above 1.2296 previous high resistance...
USDJPY is testing 90.92 previous low support. Rebound would more likely be seen before breaking below this level. Initial resistance is at 95.00 and key resistance is located at 97.43 level. A break above the key resistance...
AUDUSD stays in the trading range between 0.6008 and 0.7014. Further rebound is still possible to test 0.7014 resistance in next several days. A break above this level will indicate that the down trend from 0.9849 (July...
As expected, GBPUSD breaks below 1.4557 support and reaches as low as 1.4466 level. Further fall could be seen to 1.4000 zone in next several days. Key resistance is now located at 1.5534 level. Only rise above...
