USDCHF continues its downward movement from 0.9971, and reaches as low as 0.9238. Further decline is still possible next week, and next target would be at 0.9000 area. Resistance is now at 0.9420, as long as this...
USDJPY may be forming a cycle bottom at 77.14 on daily chart. Further rise to test the resistance of the downtrend line from 80.61 to 79.65 could be expected next week, a clear break above the trend...
AUDUSD breaks above 1.0612 resistance and reaches as high as 1.0624, suggesting that the uptrend from 0.9581 has resumed. Further rise could be expected next week, and next target would be at 1.0800 area. Support is at...
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6254, and is now facing 1.6301 resistance. Consolidation of the uptrend could be expected next week, and the trading range would be between 1.6050 and 1.6301. Uptrend...
EURUSD continues its upward movement from 1.2042, and the rise extends to as high as 1.3168. Further rise could be expected next week, and next target would be at 1.3400 area. Support levels are now at 1.2940...
EUR/NZD has started to rise after pulling back to the multi-month support line at 1.5580. This may mark the end of wave 4 and could be the start of the 5th wave, which could eventually retouch the...
The British pound advanced versus the Euro in the previous European trading exchanges on expectations that the Federal Reserve would announce a third round of quantitative easing to support the US economy.
After the Fed chairman, Mr,Bernanke announced buying MBS and other assets to boost the job market, the Dollar stumbled to the month’s lows to currently trade at 79.02. DX seems to be heading towards the historic support...
The USD/JPY pair fell precipitously during the session on Thursday as the Federal Reserve announced further quantitative easing going forward. The seemingly unlimited time frame that they are willing to participate in this action has certainly put...
The USD/CAD pair fell hard during the session on Thursday after the quantitative measures was announced by the Federal Reserve. Oil prices rose, and as such the Canadian dollar did as well. This pair fell obviously, and...
