USDJPY’s upward movement from 101.06 extended to as high as 115.50. Further rise could be expected over the next several weeks, and next target would be at 120.00 area. Support is at 113.00, only break below this...
After consolidation, AUDUSD continued its downward movement from 0.9504, and the fall extended to as low as 0.8540. Further decline could be expected over the next several weeks, and next target would be at 0.8000 area. Resistance...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.5790. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993, and the fall extended to as low as 1.2358. Near term resistance is at the upper line of the channel, as...
The USD/JPY pair continues to go higher, as we are fighting with the 115 level. We believe the pullbacks at this point time should be buying opportunities as the market continues to strive higher. We also believe...
The USD/CAD pair broke higher during the course of the session on Friday, but still remains a bit capped in this area. We believe that the 1.15 level will eventually break out and above though, and with...
The GBP/USD pair continues to grind lower as you can see, as the market now looks like its set to go towards the 1.55 handle. A break below the 1.58 level, we believe that’s essentially the “greenlight”,...
The EUR/USD pair fell hard during the session on Friday, breaking down below the 1.24 level. With that being the case, look like the sellers are in complete control and we should continue to go much lower....
The AUD/USD pair fell during the course of the session here on Friday, but continues to offer a “one-way trade. With that being the case, we feel that eventually the market will head to the 0.80 handle,...
Here are the Top 5 Forex Developments for the trading week between 11/03/14 and 11/07/14: Number One: US NFP Report Today forex traders received the NFP report out of the US for the month of October. The...
