On Thursday forex traders were delivered a rather big disappointment as far as US advanced retail sales are concerned. The release on Thursday covered the month of May and economists expected an increase of 0.6%. Retail sales...
USDCAD is facing 1.0813 support again, a breakdown below this level will signal resumption of the downtrend from 1.1278, then next target would be at 1.0600 area. Resistance levels are at 1.0960 and 1.1053, only break above...
USDCHF’s rise from 0.8699 extended to as high as 0.9036. Key resistance is at 0.9156, as long as this level holds, the rise could be treated as consolidation of the downtrend from 0.9838 (May 22, 2013 high),...
USDJPY continued its sideways movement in a range between 100.75 and 105.44. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the uptrend from 93.79 (Jun 13, 2013...
AUDUSD is facing 0.9461 resistance, a break above this level will signal resumption of the uptrend from 0.8660, then next target would be at 0.9550 – 0.9600 area, followed by 1.0000. Key support is at 0.9202, only...
GBPUSD is facing 1.6996 resistance, a break above this level will signal resumption of the uptrend from 1.4813 (Jul 9, 2013 low), then next target would be at 1.7300 area. Key support is now at 1.6692, only...
EURUSD is testing 1.3477 key support, a breakdown below this level will indicate that the uptrend from 1.2747 (Apr 4, 2013 low) had completed at 1.3993 already, then the following downward movement could bring price to 1.1500...
The USD/JPY pair rose during the course of the session on Friday, testing the 102 level for resistance. This area has offered resistance and support before, so as a result the market looks as if it’s going...
The USD/CAD pair did very little in the session for Friday, as the market simply sits just above the massive supportive area at 1.08 or so. That being the case, the market appears like it’s ready to...
The GBP/USD pair tried to rally during the course of the session on Friday, but the 1.70 level offers resistance yet again. This area turned the market back around and formed a shooting star, and as a...
