The Euro/Usd trends (short/medium/long) are still strongly bullish, as well as the seasonal conditions. However, a move above 1.4638 is necessary to target 1.4698, 1.48 and eventually 1.50, provide the price does not fall back below 1.4470.
USDCAD is in downtrend from 0.9912, the bounce from 0.9406 is treated as consolidation of downtrend. Range trading between 0.9406 and 0.9650 is possible next week. Support is now at 0.9406, a breakdown below this level could...
USDCHF continued its downward move from 0.9774, and the fall extended to as low as 0.7850. Resistance is at the downtrend line on daily chart, as long as the trend line resistance holds, downtrend could be expected...
USDJPY is facing 76.40 previous low support, a breakdown below this level will indicate that the long term downtrend from 124.16 (2007 high) has resumed, then another fall towards 70.00 could be seen. Resistance is at 78.00,...
AUDUSD broke above 1.1011 previous high and reached as high as 1.1080. Minor consolidation would likely be seen, and the trading range would be between 1.0850 and 1.1080. On the upside, a break above 1.1080 will signal...
GBPUSD’s upward move extended to as high as 1.6470. Further rise is still possible next week, and next target would be at 1.6600-1.6700 area. Support is now at 1.6260, as long as this level holds, uptrend from...
Being contained by the upper border of the price channel on daily chart, EURUSD pulled back from 1.4535, suggesting that a cycle top is being formed. Range trading between 1.4050 and 1.4535 would likely be seen in...
S&P downgraded Greece rating for 2 levels.
A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...
