The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
USDCAD has formed a cycle top at 1.04445 on daily chart. Further decline could likely be seen next week, and next target would be at 1.0000 area. Key resistance is now at 1.04445, only break above this...
USDCHF has formed a cycle top at 0.9769 on daily chart, key support is at 0.9500, a breakdown below this level will indicate that the upward movement from 0.9043 has completed, then the following downward movement could...
USDJPY breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 77.66 on daily chart. Further rise to test 80.60 key resistance would likely be seen next week, a...
AUDUSD failed to break below 0.9390 (Oct 4, 2011 low), and rebounds from 0.9581, suggesting that a cycle bottom has been formed on daily chart. Further rise to test 1.0150 key resistance would likely be seen next...
Being supported by 1.5236 previous low, GBPUSD rebounds from 1.5268, suggesting that a cycle bottom has been formed on daily chart. However, the bounce is treated as consolidation of the downtrend from 1.6301, another fall to retest...
EURUSD breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 1.2288. Initial resistance is at 1.2670, as long as this level holds, the price action from 1.2288 could...
Fear that the global economies are about to contract further has sent the central bankers scrambling for a solution. To no one’s surprise, the central banks are going to figure out a way to loosen the money...
The euro hit a ten-day high against the US dollar during trading yesterday, following a positive Spanish bond auction which led to an increase in risk taking. By the end of European trading, the EUR/USD rose as...
The USD/JPY pair rose again during the session on Thursday in reaction to the lack of easing being mentioned by the Federal Reserve Chairman Ben Bernanke in front of Congress. In fact, Mr. Bernanke even admitted that...
