The euro saw mild gains against most of its main currency rivals on Friday, as hopes that Spain will soon seek a bailout from the ECB boosted risk appetite with investors. Still, a lack of significant economic...
The Dollar Index is trading firm at 79.60 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
USDCAD remains in downtrend from 1.0445, the rise from 0.9632 is treated as consolidation of the downtrend. Range trading between 0.9632 and 0.9900 would likely be seen over the next several days. Downtrend could be expected to...
USDCHF remains in downtrend from 0.9971, the rise from 0.9239 is treated as consolidation of the downtrend. Range trading between 0.9239 and 0.9500 would likely be seen over the next several days. The downtrend could be expected...
Being contained by the resistance of the downward trend line from 80.61 to 79.65, USDJPY pulled back from 79.21. However, another rise to test the trend line resistance would likely be seen, a clear break above the...
After touching 1.6012 resistance, AUDUSD pulled back from 1.0624, suggesting that lengthier consolidation of the uptrend from 0.9581 is underway. Deeper decline could be expected over the next several days, and the target would be at 1.0200...
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6309. Further rise is still possible after a minor consolidation, and next target would be at 1.6500 area. Support is at 1.6050, as long as this level...
EURUSD remains in uptrend from 1.2042, the fall from 1.3171 is likely consolidation of the uptrend. Range trading between 1.2800 and 1.3171 is expected over the next several days. Another rise could be seen after consolidation, and...
The USD/JPY pair initially trying to rise during the session on Friday, but fell in the end to form a bit of a shooting star. However, we are sitting just above the 78 handle which of course...
The USD/CAD pair originally fell during the session on Friday, but did bounce in order to form a hammer. This directly competes with the shooting star from the day before, but we also see the 0.98 handle...
