The GBP/USD pair rose during the session on Monday, but as you can see did really gain much. However, the important part of this action was that the 1.60 handle did in fact offer support. Because of...
The EUR/USD pair fell during the session on Monday, finding the 1.35 level rather supportive. However, we would not be surprised at all to see a little bit more of a pullback, perhaps to the 1.34 handle...
The AUD/USD pair rose during the session on Monday, breaking back above the 0.94 handle. Because of this, we feel that this market was primed to bounce even higher, and we believe that the 0.95 level will...
Tomorrow forex traders will be presented with two key data points which may heavily influence the EURUSD currency pair. The size of the move depends on the data and if it delivers a big positive or negative...
USD/CHF is in a solid downtrend these days, as a falling trend line can be formed when connecting the highs of the price. The pair has broken below several key support levels but might be in for...
USDCAD’s downward movement extended to as low as 1.0182. Further decline is still possible, and next target would be at 1.0000 area. Resistance is at 1.0420, only break above this level could trigger another rise towards 1.0750.
USDCHF broke below 0.9130 support, suggesting that the downtrend from 0.9751 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area.
USDJPY continues its sideways movement in a range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). As long as 93.79 key support holds,...
AUDUSD broke above 0.9344 key resistance, suggesting that the downtrend from 1.0582 had completed at 0.8847 already. Further rally would be expected next week, and next target would be at 0.9800 area.
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
