AUDUSD breaks above 1.0400 key resistance and reaches as high as 1.0413, suggesting that the downtrend from 1.0597 had completed at 1.0115 already. Further rise could be seen over the next several days, and next target would...
GBPUSD remains in downtrend from 1.6339, the rise from 1.4831 would possibly be consolidation of the downtrend. Key resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the...
EURUSD’s downward movement from 1.3711 extends to as low as 1.2911. Further decline is still possible after a minor consolidation, and next target would be at 1.2750 area. Key resistance is at 1.3200, as long as this...
The USD/JPY pair fell during the session on Friday, but found the 95 handle as supportive. We are still widely bullish of this market, and as a result we want to see some type of supportive candle...
The USD/CAD pair broke down a little bit during the Friday session, plunging below the 1.02 level. However, we think this market will find quite a bit of support just below at the 1.01 handle, and in...
The GBP/USD pair rose during the session on Friday, but as you can see gave back quite a bit of the gains in order to form a shooting star. This shooting star signals that we may be...
The EUR/USD pair rose during the Friday session as the 1.30 level propel the market higher. However, towards the end of the session we did see the Euro selloff a little bit.
The AUD/USD pair rose during the Friday session and broke above the 1.04 level in order to break into the resistance area above. We think this market is bullish again, but we need to see some type...
Economic news (15 March 2013) – The US dollar proved to be the highlight on the Forex market this week as it outperformed all of its major counterparts. Starting the trading week with a nearly three-year high,...
USD: Neutral The U.S. dollar lost a lot of ground to its major currency counterparts during yesterday’s trading as we saw a short squeeze, particularly for GBP/USD and EUR/USD. It seems that the selloffs are no longer...
