USDCHF’s up trend remains and the fall from 1.1746 is treated as consolidation to up trend. Trading in a range between 1.1400 and 1.1746 is expected in nest several days. However, below 1.1400 will indicate that a...
USDJPY rebounds sharply from 90.92, however, the rise is treated as correction to down trend. Pullback to retest 90.92 could be seen in next several days, and a break below this level will signal deeper decline to...
AUDUSD remains in down trend, and the rise from 0.6008 is treated as correction to down trend. Further rise to test the key resistance at 0.7238 is possible. As long as this level holds, we’d expect down...
EURUSD’s down trend remains and the rise from 1.2329 is treated as consolidation to the downtrend. As long as 1.3004 key resistance holds, we’d expect down trend to resume and deeper decline is still possible to 1.2000...
The JPY today is seeing extreme volatility in today’s trading. Potential Japanese government intervention in the Forex market may be influencing the sharp price movements. Traders are advised to can take advantage today of the vast market...
The USD may in fact lose its direction this week from the opposing forces affecting it. The EUR may see a reversal emerge from world data worse than its own, and the Japanese economic slowdown is cutting...
USDCAD’s up trend from 1.0297 extends sharply to as high as 1.2839 level. Further rise is expected in a couple of weeks and near term target would be at 1.3500 zone. Initial support is now at 1.2300,...
USDCHF remains in up trend, and the rise from 1.0693 extends to as high as 1.1746 level. Further rally towards 1.2000 zone is still possible in a couple of weeks. Initial support is at 1.1481, as long...
USDJPY breaks below 95.77 (Mar 17 low) long term key support and reaches as low as 90.92 level. Consolidation is expected next week, and deeper decline could be seen to 87.00 zone after consolidation. Key resistance is...
AUDUSD breaks below 0.6330 previous low and the downtrend from 0.9849 extends further to as low as 0.6056 level. Deeper decline is still possible to 0.5700 zone next week. Initial resistance is at 1.6500, as long as...
