GBP/USD rose during the Friday session as the jobs number in the United States disappointed. With the anemic growth in the month of August, it appears that the Federal Reserve will have to embark on more monetary...
The AUD/USD pair had a stellar day on Friday as the jobs report in the United States came out poorly. This signals that the Federal Reserve will more than likely be forced to embark on more quantitative...
The USD/CAD pair fell through the 0.98 handle on Friday as the jobs number in the United States came out weak. This should signal further monetary easing by the Federal Reserve, and as such the commodity currencies...
USDCAD breaks below 0.9799 support, and reaches as low as 0.9765. Further decline could be expected over the next several days, and next target would be at 0.9600 area. Key resistance is at the downward trend line...
USDCHF’s fall from 0.9971 extends to as low as 0.9434, and is now facing 0.9421 key support, a breakdown below this level will indicate that the uptrend from 0.8931 has completed, then deeper decline towards 0.9000 could...
USDJPY is facing 77.92 support, a break below this level will indicate that the sideways movement started from 77.66 has completed, then further decline to 76.00 could be seen. Key resistance is at 79.65, only break above...
AUDUSD bounces strongly from 1.0167, suggesting that a cycle bottom has been formed on daily chart. Further rise could be expected after a minor consolidation, and next target would be at 1.0500 area. Key support is at...
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6033. The pair is now facing the resistance of the upper line of the price channel on daily chart, consolidation could be expected over the next several...
EURUSD breaks above 1.2747 key resistance, suggesting that the downtrend from 1.3486 has completed at 1.2042 already. Further rise could be expected after a minor consolidation, and next target would be at 1.3000 area. Support is now...
Cable has started to show signs of possible weakness. This morning it has started to fall after positing a shooting start on the 4-hour chart. Momentum is diverging widely with price on the daily supporting the bearish...
