Successful Forex traders know that it pays to stay abreast of the politics and economic policies of the countries whose currencies they’re interested in. Due to the financial upheavals and political instability across multiple nations over the...
USDCAD’s fall extends to as low as 1.0255. Further decline would likely be seen next week, and next target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion...
USDCHF’s fall from 0.9751 extends to as low as 0.9264. Further decline to test 0.9130 support could be expected next week, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then the...
USDJPY continues its sideways movement in a range between 93.79 and 103.73. Key support is at 93.79, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
AUDUSD is facing 0.9344 key resistance, as long as this level holds, the rise from 0.8998 could be treated as consolidation of the downtrend from 1.0582, and one more fall towards 0.8500 is still possible.
GBPUSD’s rise from 1.4813 extends to as high as 1.5433. The uptrend could be expected to continue next week, and next target would be at 1.5600 area.
EURUSD is facing 1.3415 resistance, as long as this level holds, the price action from 1.2747 could be treated as consolidation of the downtrend from 1.3711, and one more fall towards 1.2500 is still possible after consolidation.
The USD/JPY pair fell during the session on Friday, slamming into the 98 handle. At the 98 level we see quite a bit of support though, so it doesn’t surprise us that we could not get through...
The USD/CAD pair had a negative session on Friday, but as you can see it just barely fell. That being the case, it looks like the market is trying to grind itself lower, and at this point...
The GBP/USD pair went back and forth during the session on Friday, essentially going nowhere. We are dead smack in the center between two major support and resistance levels, and as a result we don’t see a...
