EURUSD has formed a cycle bottom at 1.3003 on daily chart. The rise from 1.3003 is likely correction of the downtrend from 1.3486, as long as 1.3486 resistance holds, downtrend could be expected to resume, and another...
The dollar rose against its competitors supported by many factors.
Riskier assets, like the euro and AUD, tumbled on Thursday following the release of a string of negative global data. Worse than expected German news confirmed fears that the euro-zone has gone back into recession.
The Greece Parliament adopted the new loan agreement.
The US dollar was able to reverse some of its recent losses during the afternoon session yesterday, following the release of the Existing Home Sales figure. While the figure came in below expectations, it was still taken...
The AUD/USD pair fell most of the session on Wednesday to test the area of the 1.04 handle. This area is considered to be very supportive, and as such we fell that a buying opportunity may be...
The EUR/USD pair fell after bouncing around during the Wednesday session. The pair is currently trading just under the 1.3250 resistance area, and it makes sense that it would struggle as a result.
The GBP/USD pair had a fairly volatile day as the Wednesday session produced a long-legged doji candle. The pair is currently trading in a massive resistance area above the 1.58 mark, and because of this we expect...
The USD/CAD pair has been a mess lately, and the action from the Wednesday session did very little to clear things up. The hammer shaped candle shows that perhaps the support is coming back into the fold,...
The USD/CHF pair rose slightly during the Wednesday session as the Dollar got a bit of a boost against many currencies for the session. The 0.91 support level has been shown to be strong again, and as...
