USDJPY is facing 75.96 key support, a breakdown below this level will signal resumption of downtrend from 85.51, then deeper decline towards 0.7000 could be seen. Resistance is at 0.7700, only break above this level could indicate...
AUDUSD broke below 0.9927 support and reached as low as 0.9670, suggesting that the long term uptrend from 0.8066 (2010 low) has completed at 1.1080 already. Further fall is now in favor, and next target would be...
GBPUSD remains in downtrend from 1.6617, and the fall extended to as low as 1.5327. Further fall could be expected next week, and next target would be at 1.5000 area. Resistance is at 1.5600, as long as...
After consolidation, EURUSD continued its downward movement, and the fall from 1.4548 extended to as low as 1.3386. Key resistance is now at 1.3936, as long as this level holds, downtrend could be expected to continue, and...
Dollar Index is just nearing resistance zone of 78.75-79.30 ranges though double dip depression in the US is still glooming resulting in most of the asset classes trading softer especially the equities, the dollar index may go...
Greenback strengthened against the major currencies.
The U.S. dollar gained further against the euro and other major currencies Thursday as a sharp extended retreat for U.S. equities and weak data out of both China and the euro zone spurred investors to dump risky...
Greetings. Let’s take a look at the USD/JPY daily chart. We can a pretty strong downward trend line as we start testing the low from March 2011.
The USD/CAD pair rose above the parity level and even above our 1.0050 resistance level on Wednesday. The pair now looks like it wants to continue the march north, and as long as the global outlook remains...
The AUD/USD pair fell hard on Wednesday as the Fed’s underwhelming assessment of the global economy spooked the markets. With the Aussie being so sensitive to market sentiment and global risk taking – it naturally fell. More...
