USDCHF remains in downtrend from 0.9594, the rise from 0.9088 is likely consolidation of the downtrend. One more fall towards the lower line of the price channel on daily chart would likely be seen after consolidation. Resistance...
USDJPY breaks above 79.52 resistance, suggesting that the sideways movement in a range between 75.57 and 79.52 has completed. Further rise is expected after a minor consolidation, and next target would be at 82.00 area. Support is...
AUDUSD stays in a upward price channel on daily chart, and remains in uptrend from 0.9861, the price action from 1.0844 could be treated as consolidation of the uptrend. Another rise towards 1.1080 previous high is still...
GBPUSD is forming a cycle top at 1.5928 on daily chart. Another fall to test 1.5640 key support would likely be seen, a breakdown below this level will confirm the cycle top, then further decline towards 1.5236...
EURUSD broke below 1.3026 support, suggesting that a cycle top has been formed at 1.3320 on daily chart. Further decline would likely be seen over the next several days, and the first target would be at 1.2800...
The European Central Bank agreed to exchange Greek bonds for new securities. Asian and European trading sessions: Euro: The EUR / USD pair fell to $ 1.2997 mark during the Asian trading session on the background of...
The EUR/USD continued to fall during yesterday’s trading session, as negative euro-zone news caused investors to revert back to safe-haven assets. The pair dropped below the psychologically significant 1.3000 level for the first time since January 25th.
AUD/USD rose during the session with all of the other risk related currency pairs as the ECB announced it would be swapping Greek bonds it owns for longer dated ones over the weekend. This helps the process...
EUR/USD rose during the session on Thursday as the market found the 1.30 level as being overly supportive. The pair had been bearish for much of the session, but as if on cue – the market suddenly...
GBP/USD rose during the session on Thursday, and acted like it was shot out of a cannon. The pair has recently pulled back, but the bullish action for the session will have many of the bears running.
