USDJPY is facing 77.92 support, a breakdown below this level will indicate that the downtrend from 84.17 has resumed, then further decline to 76.00 area could be expected. Key resistance is now at 79.65, only break above...
AUDUSD’s fall from 1.0612 extends to as low as 1.0276. Further decline would likely be seen over the next several days, and next target would be at 1.0100 area. Resistance levels are now at 1.0400 and 1.0450,...
GBPUSD remains in uptrend from 1.5268. Further rise could be expected after a minor consolidation, and next target would be at 1.6000. Support is at 1.5750, only break below this level could indicate that a cycle top...
EURUSD continues its upward movement from 1.2042, and the rise extends to as high as 1.2636. Further rise to test 1.2747 key resistance could be expected, a break above this level will signal completion of the downtrend...
Market review for 30.08.12: The market is waiting for tomorrow’s speech of Mr. Bernanke. Asian and European trading sessions:
Eurodollar is forming a triangle with the exchange rate currently rising in an Elliot ‘D’ wave, targeting the upper boundary at 1.2555. After that it will probably fall back down to the lower boundary at 1.2480 as...
With the markets lowering expectations for Federal Reserve Chairman Ben Bernanke’s highly-awaited speech in Jackson Hole today, the US dollar is perceived to gain alongside its Canadian counterpart.
The marketplace was relatively quiet yesterday, despite a positive Italian ten-year bond auction which signaled to investors an improving economic situation in the euro-zone. Today, the main piece of news is likely to be an eagerly anticipated...
The AUD/USD pair fell below the 1.03 level on Thursday, to signify further weakness. However, this area does look very supportive and the fact that we bounce slightly towards the end of the session should be no...
The EUR/USD pair ended up lower at the end of the Thursday session sitting just above the 1.25 level again, as it serves as support. With the Federal Reserve Chairman giving a speech later today in Wyoming,...
