The Japanese yen is deemed to maintain its weakness opposite the Australian dollar today after Bank of Japan governor Masaaki Shirakawa reaffirmed plans for aggressive monetary easing as data showed the nation remained stuck in deflation in...
USDCAD breaks above 1.0055 resistance and reaches as high as 1.0100, suggesting that the uptrend from 0.9632 has resumed. Further rise is still possible next week, and the target would be at the upper line of the...
Being contained by the resistance of the upper line of the price channel on daily chart, USDCHF pulls back from 0.9388, suggesting that that a cycle top is being formed.
USDJPY continues its upward movement from 77.14, and the rise extends to as high as 91.19. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at...
AUDUSD is facing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 1.0149 had completed at 1.0597 already, then the following downward...
GBPUSD broke below 1.5827 support and reaches as low as 1.5745. The downward movement could be expected to continue next week, and next target would be at 1.5600 area.
EURUSD’s upward movement from 1.2661 extends to as high as 1.3479. Support is now at 1.3340, followed by the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be...
The USD/JPY pair rose again during the Friday session in order to pierce the 91 and over the first time in ages. We are now clearly over the 90 handle, and as a result it looks like...
The USD/CAD pair shot straight through the resistance of the 1.0050 level that we had been watching on Friday. This area was significant in its magnitude, and the fact that we sliced through so effortlessly is indeed...
The GBP/USD pair fell during most of the session on Friday, but caught a significant bounce late in the day. With this bounce, we have formed a hammer right at the 1.58 level. This is significant in...
