USDCAD’s downward movement from 1.0445 extends to as low as 1.0030. Further decline could be expected next week, and next target would be at 0.9900 area. Key resistance is now at 1.0230, only break above this level...
USDCHF has formed a cycle top at 0.9971 on daily chart. Deeper decline to 0.9500 area would likely be seen. Key support is at 0.9421, as long as this level holds, the fall from 0.9971 is treated...
USDJPY is facing the support of 77.66, a breakdown below this level will indicate that the downtrend from 84.17 has resumed, then deeper decline towards 76.00 could be seen. On the other side, as long as 77.66...
AUDUSD’s upward movement from 0.9581 extends to as high as 1.0485. Further rise could be expected next week, and next target would be at 1.0650 area. Key support is now at 1.0176, only break below this level...
GBPUSD is facing 1.5776 resistance. As long as this level holds, the rise from 1.5268 could be treated as consolidation of the downtrend from 1.6301 and another fall towards 1.5000 is still possible. However, a break above...
EURUSD has formed a cycle bottom at 1.2042 on daily chart. Further rally could be expected next week, and the target would be at 1.2600 area. Key resistance is at 1.2747, as long as this level holds,...
The aussie has been rising strongly in a possible ending-diagonal, which is a bearish indication. It is currently at a resistance level and there is even stronger resistance not much higher at the 1.0475 where a nexus...
The EUR/USD rallied up to a resistance level at the 1.2320 level and formed a double top reversal pattern on the hourly chart. It has now broken down and has re-entered the former rising channel. It will...
The US dollar gained slightly versus the Canadian dollar in yesterday’s American trading session as applications for jobless benefits dropped by 35,000 in the week ending July 21 to 353,000, data from the Labor Department showed.
European Central Bank chief Mario Draghi has pledged full support for Europe’s single currency, boosting stock markets and easing pressure on Spanish borrowing costs.
