USD/CHF rose for the Friday session as traders reacted to rumors around the markets that the French were about to lose their AAA bond rating by S&P. The move happened, and as a result the European currencies...
GBP/USD fell hard for the session after first rising on Friday. However, the pair did finish slightly lower to form a doji after all was said and done. The indecisions is in concert with a massive support...
USD/JPY rose during the session on Friday as the market continues to tread water at the 76.50 level. The pair continues to move sideways in a fairly tight range. The 76.50 level looks as if it is...
EUR/USD fell for the session on Friday as the traders in the FX markets sold off the Euro in general as rumors of an impending credit rating cut for France by S&P came out.
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper line of the pattern would likely be seen next week, a clear break above the upper line will indicate that the uptrend from...
USDCHF remains in uptrend from 0.8569, and the rise extended to as high as 0.9594. Further rise could be seen next week, and next target would be at 0.9750 area. Key support is at 0.9244, only break...
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.60 on daily chart....
AUDUSD remains in uptrend from 0.9861. Further rise could be expected next week, and next target would be at 1.0600 area. Support is now at the 1.0145, only break below this level could trigger another fall to...
GBPUSD broke below 1.5272 support, suggesting that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.5000 area. Resistance is now at...
EURUSD’s downward movement extended to as low as 1.2624. Resistance is at the upper line of the price channel on daily chart, as long as the channel resistance holds, downtrend could be expected to continue, and next...
