AUDUSD breaks above 1.0585 previous high resistance, suggest that the uptrend from 1.0149 has resumed. Further rise could be expected and next target would be at 1.0700 area. Support is at 1.0470, only break below this level...
GBPUSD may be forming a cycle bottom at 1.5993 on daily chart. Another rise towards 1.6500 would likely be seen over the next several weeks, and a break above 1.6200 will confirm the resumption of the uptrend...
EURUSD has formed a cycle bottom at 1.2998 on daily chart, and the rise from 1.2998 is likely resumption of the uptrend from 1.2661. The uptrend could be expected to continue next week, and next target would...
The USD/JPY pair initially pulled back during the Friday session, but got a bit of a bounce as usual and formed a nice-looking hammer at the top of the massive green candles from Wednesday and Thursday.
The USD/CAD currency pair fell during the session on Friday, but found the 0.98 handle supportive as usual and bounced enough to form a hammer. The hammer isn’t exactly the most perfect looking hammer, but it does...
The GBP/USD pair fell during the Friday session, but bounced enough in order to form a hammer by the end of the session. We are well above the 1.61 handle, and the bullish move from Thursday appears...
The EUR/USD pair shot through the 1.33 level during the Friday session, in order to breakout and above a massive resistance. Having said that, we expect quite a bit of noise all the way to the 1.35...
The AUD/USD pair tried to break above the 1.06 handle again on Friday, but failed just as it did on Thursday. After that, we solve quite a bit of a selloff, but recognize the fact that the...
The US dollar is set to recover some of its earlier losses versus the Australian currency this week, as investor sentiment turned sour from earlier released economic data. Chinese inflation was reported to have quickened more than...
Higher-yielding currencies and commodities saw significant gains yesterday, after the European Central Bank decided to leave euro-zone interest rates at 0.75% and ECB President Draghi predicted a gradual economic recovery in the region.
