After touching 1.0009 resistance, USDCAD pulled back from 1.0025, suggesting that lengthier consolidation of uptrend from 0.9406 is underway. Deeper decline to test 0.9725 support would likely be seen next week, as long as this level holds,...
USDCHF remains in uptrend from 0.7067, the fall from 0.8925 is treated as consolidation of uptrend. Pullback to the uptrend line on daily chart would likely be seen next week. As long as the trend line support...
USDJPY may be forming a cycle top at 77.85 on daily chart. Another fall to test 75.96 key support would likely be seen next week, a breakdown below this level will signal resumption of the long term...
AUDUSD remains in downtrend from 1.0764. Deeper decline towards 0.9927 previous low is still possible next week. Resistance is at 1.0450, only break above this level could bring price back towards 1.1080 previous high.
GBPUSD broke below 1.5781 support and reached as low as 1.5707. Downtrend from 1.6617 could be expected to continue next week, and next target would be at 1.5500 zone. Resistance is at 1.5900, only break above this...
EURUSD has formed a cycle bottom at 1.3499 on daily chart. Now the bounce from 1.3499 is treated as consolidation of downtrend from 1.4939, range trading between 1.3499 and 1.4000 would likely be seen in a couple...
Most significant on today’s calendar will be the US publication of its TIC Long-Term Purchases data and consumer confidence data. Should today’s news foreshadow a modest growth in the US investments, an assessment that does, however,
The EUR/USD pair spiked on the session during Thursday as the announcement of USD liquidity measures out of no less than 5 central banks will help the EU banks borrow in USD.
The GBP/USD pair rose on Thursday as the hammer from the Wednesday session was triggered for a buy signal. However, towards the end of the session, the buying abated and even formed a 4 hour shooting star...
USD/CAD fell on the Thursday session, falling far enough to find the recent lows in the 0.9850 area. The support area we have marked is between 0.98 and 0.97 as far as larger support, and as such...
