The EUR/USD pair fell hard on Friday as the Non-Farm Payroll number came out better than expected. The Greeks we also finally labeled as being in default, and the CDS markets saw the insurance policies triggered.
USDCAD remains in downtrend from 1.0422, and the fall extended to as low as 0.9841. As long as 1.0050 key resistance holds, the price action in the trading range between 0.9841 and 1.0050 is treated as consolidation...
Being supported by the lower line of the price channel on 4-hour chart, USDCHF rebounded from 0.8931, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen in a couple of...
USDJPY remains in uptrend from 76.02 and the rise extends to as high as 82.64. The upward movement could be expected to continue in a couple of weeks and next target would be at 85.00 area. Support...
AUDUSD breaks below 1.0596 key support, suggesting that the upward movement from 0.9663 has completed at 1.0855 already. Further decline would likely be seen in a couple of weeks, and next target would be at 1.0200.
GBPUSD is facing 1.5645 key support, a breakdown below this level will confirm that the upward movement from 1.5236 has completed at 1.5991 already, then the following downward movement could bring price to 1.5000 area. On the...
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that the upward movement from 1.2624 has completed at 1.3486 already. Now the fall from 1.3486 would possibly be resumption of the downtrend from 1.4939 (May...
The USD/CHF pair fell hard on Thursday as the markets sold off the recent spike in the value of the Dollar against the Franc. The recent action has been very bearish, and this pullback from the bounce...
The USD/JPY pair rose a bit during the Thursday session as the Yen lost against most other major currencies. The recent break of the 80 level is a very strong signal, and as a result we are...
The AUD/USD pair rose on Thursday as the hammer from the Wednesday session triggered a lot of buying in this bullish market. The 100 day EMA is just below, and looks as if it has acted as...
