Speculations that a deal will soon be reached to provide Greece with a new round of bailout funds, combined with a better than expected German business climate figure, turned the euro bullish against most of its main...
The Dollar Index falls again from 81.20 ranges from where it has sold off during September. Currently it is trading at 80.30 with 79.90-80.00 acting as important support. Daily close below 79.80 would result in further depreciation...
The New Zealand dollar is seen to benefit from risk-on trades today as optimism over holiday sales in the US and a Greek aid package is deemed to buoy market sentiment.
USDCAD is facing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that a cycle top has been formed at 1.0055, and the upward movement from...
USDCHF had formed a cycle top at 0.9511 on daily chart. Further decline could be expected next week, and next target would be at 0.9100-0.9150 area. Resistance is at 0.9400, only break above this level could trigger...
USDJPY’s upward movement from 77.14 extends to as high as 82.83. Further rise would likely be seen next week, and next target would be at 84.00 area. Initial support is at 81.50, and the key support is...
Being contained by the support of the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 1.0287, suggesting that a cycle bottom has been formed on daily chart.
GBPUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.6309, the bounce from 1.5827 would possibly be consolidation of the downtrend.
EURUSD bounces strongly from 1.2661, suggesting that a cycle bottom has been formed on daily chart. Further rise could be expected next week, and next target would be at 1.3100-1.3150 area. Support is at 1.2800, only break...
The USD/JPY fell during the session on Friday, but got a bounce as this pair continues to defy gravity.
