USDJPY’s upward movement extends to as high as 81.20. Further rise could be expected after a minor consolidation, and next target would be at 83.00 area. Initial support is at 80.00, as long as this level holds,...
AUDUSD broke below the price channel on daily chart. However, the fall from 1.0844 is likely consolidation of the uptrend from 0.9861, one more rise towards 1.1080 previous high is still possible. Key support is now at...
GBPUSD failed to break below 1.5645 key support and stays in a trading range between 1.5645 and 1.5928. The price action in the trading range is likely consolidation of the uptrend from 1.5236. Further rise to test...
EURUSD breaks above 1.3320, suggesting that the uptrend from 1.2624 has resumed. Further rise could be expected over the next several days, and next target would be at 1.3700 area. Support is now at upward trend line...
The euro reversed some of its recent losses yesterday, as positive German data sent investors to riskier assets throughout European trading. The EUR/USD went as high as 1.3340 before staging a downward correction during the afternoon session.
AUD/USD rose on Thursday as the bottom of the recent consolidation area held true. The 1.06 level looks very constructive at the moment, and the market simply couldn’t break down through it.
EUR/USD continued to rise on Thursday as traders continue to look at the bright side of all things European, even if the area has severe issues ahead of it for the next several years.
The GBP/USD pair rose on Thursday as the consolidation and general choppiness of the Forex markets continues. The back and forth action is solely based upon the next headline, and this pair is one of the biggest...
USD/CAD continued to dance around the parity level on Thursday as traders simply cannot move this pair one way or the other. The levels are too close to see breakouts in the near-term,
In a somewhat surprising move, the Franc appreciated during the Thursday session. The pair has a massive support zone between 0.91 and 0.90, and it has fallen towards the bottom of this area at the end of...
