AUDUSD is now in downtrend from 1.0855, and the fall extended to as low as 1.0421. Further decline is still possible after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0670,...
After touching 1.5645 support, GBPUSD rebounded from 1.5602, suggesting that a cycle bottom has formed on daily chart. However, the rise would possibly be correction of the downtrend from 1.5991, another fall towards 1.5236 previous low is...
EURUSD is now in downtrend from 1.3486, and the fall extended to as low as 1.3003. Further decline is still possible after a minor consolidation, and next target would be at 1.2800 area. Resistance is at 1.3300,...
The US dollar largely maintained its recent gains against the euro throughout yesterday’s trading session, as a batch of positive US data continued to boost confidence in the American economic recovery.
The AUD/USD pair bounced from the start of the 1.04 level on Thursday, overtaking the losses from the Wednesday session. The pair also bounced from the 38.2 Fibonacci level, and this bodes well for the bulls at...
The EUR/USD pair rose during the session on Thursday as the 1.30 level held firm as support. The area is a 200 pip “zone” of support that continues to frustrate the bears, and shows just how supportive...
The GBP/USD pair rose for the session on Thursday as the 1.5650 level continued to hold as support. The pair looks weak overall, but it doesn’t seem quite ready to fall yet. The level could provide a...
The USD/CAD pair fell during the session on Thursday as the oil markets were rocked back and forth due to rumors of the Strategic Petroleum Reserve being tapped by both the United States and the United Kingdom....
The USD/CHF pair fell for the session as the Dollar pulled back against many of the major currencies on Thursday. The pair has recently broken above the 0.9250 level, and this shows that perhaps there is more...
If you have been watching our videos, you know that we are already long of this pair. The Thursday action was a bit weak, but after the move upwards, this pullback is minor at best. The Bank...
