AUD/USD fell initially during the Tuesday session, but managed a comeback as the end of the day drew near. The resulting candle is a hammer, and it is currently pressing against the top of a bullish flag,...
USD/CHF fell again on Tuesday as the Dollar got sold off in American trading overall. The pair is just under the 0.90 level, and it should be said that the 6.18% Fibonacci level is in the area...
GBP/USD rose during the session on Tuesday as traders decided to take on a bit more risk. However, the pair is at the top of the recent consolidation, and as a result caution should be taken.
The USD/JPY essentially went nowhere during the session on Tuesday, but didn’t do so out of a lack of action. The pair had a reasonably decent range, but in the end finished pretty much unchanged.
EUR/USD rose during the session on Tuesday as the market continues to go between risk on and risk off. The LTRO results come out today, and the market expects to learn that the EU banks borrowed €500...
With the Dollar Index consistently trading below 78.40 mark, further fall to 77.20 may be expected on daily close below 78.10 ranges.Historic correlation between DX Vs DJIA is signifying USD bearishness in long-term. Dow consistently trading above...
Market review for 20 – 24.02, 2012
US Dollar depreciated against the common currency and the Cable while appreciating against the Japanese Yen and trading flat against the Swiss Franc; the Japanese Yen is exhibiting contrary trend to other FX majors wherein it has...
No changed in our view, USDCAD remains in downtrend from 1.0523, the price action in the trading range between 0.9905 and 1.0050 is treated as consolidation of the downtrend. Further fall to 0.9700 is still possible after...
USDCHF’s downward movement from 0.9594 extends to as low as 0.8931. Further decline could be seen over the next several days, and next target would be at 87.00 area. Resistance is at the downward trend line on...
