EURUSD’s downward movement from 1.3171 extends to as low as 1.2661. Deeper decline is still possible, and next target would be at 1.2500 area. However the fall is likely correction of the uptrend from 1.2042, another rise...
The USD/JPY pair fell initially during Friday, but got a bounce and closed above the 81 handle for the week. This pair has broken out recently, and now that we are well above the 80.60 level, we...
The USD/CAD pair fell gained substantial ground during the Friday session, but as the congressional leaders came out and essentially “held hands” at the press conference in late Friday trading, the pair fell as risk appetite increased.
The GBP/USD pair fell during the start of the Friday session, but bounced later in order to form a slightly positive candle. It appears that the 1.58 level will offer support, and on the longer-term charts we...
The EUR/USD pair fell during the session on Friday, but did bounce off of the 1.27 support level. The resulting candle is somewhat like a hammer, and does show some support in this general vicinity.
The AUD/USD pair fell during most of the Friday session, but got a bounce as we approached the 1.03 level. This area has a history of being minor support, and as the area was approached, we also...
Risk off trades are presumed to strengthen the US dollar opposite the Australian dollar today as the economic effects of Superstorm Sandy became rather apparent in yesterday’s raft of economic data.
In the previous European trading session, the Euro gained 19 pips versus the Great British pound on speculations that Spain is close to a bailout, and Greece would receive financial aid next week when the European officials...
The Dollar Index is trading at 81.20 with 81.00-81.20 ranges still acting as short term resistance; the USD has traded mixed wherein it has lost more than 50 pips against the Euro and the Swiss Franc, about...
Date: 14.11.2012 Daily chart Last Review EUR/USD Forecast- It looks like the price is stopping on the 1.2678 support level, while it is creating a candle called “Hammer” (at the moment, we will have to wait until...
