Being contained by the previous high resistance at 108.58, USDJPY formed a sideways consolidation in a narrow range between 107.28 and 108.37. Initial support is at 106.57, as long as this support holds, we’d expect up trend...
AUDUSD drops sharply to as low as 0.9285 level. Further fall towards 0.8953 (Mar 20 low) is still possible. Initial resistance is now at 0.9475, only rise above this level will turn price back to up trend.
GBPUSD formed a cycle top at 2.0158 on daily chart and is now in down trend. Deeper decline to test 1.9337 (Jan 22 low) is still possible, and a break below 1.9647 will confirm such case. Key...
EURUSD is in down trend and the fall from 1.6038 extends further to 1.5515 level. Deeper decline is still possible to test 1.5302 previous low support. Initial resistance is at 1.5768, as long as this resistance holds,...
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Will US Economy Continue to Produce Positive Data? Yesterday, the greenback saw mainly volatile sessions against its currency counterparts. After the significant appreciation the USD went through on Tuesday, it managed to preserve its relatively high rates.
With Non Farm Payroll on Tap Will EUR/USD test 1.55? Yesterday was an amazing trading day for the USD. The USD saw bullish trends against all its currency counterparts. The increase in the greenback’s value was most...
USDCAD breaks above 1.0238 resistance. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is now in favor. Initial support is at 1.0150 and key support is at 0.9974, only fall below 0.9974...
USDCHF breaks above the resistance of the down trend line from 1.0623 to 1.0539. Further rise to test 1.0539 is still possible, and a break of this level will confirm the resumption of long term up trend....
USDJPY’s up trend from 103.76 extends to as high as 108.29. Further rise towards 112.00 is expected to follow in a couple of week. Key support is now located at 103.76, only fall below this level will...
