AUDUSD’s rise extended to as high as 1.0798. Further rise towards 1.1011 previous high is still possible after a minor consolidation, a break above this level will target 1.2000 area. Key support is at 1.0525, only break...
GBPUSD had formed a cycle bottom at 1.5781 on daily chart. Further rise could be seen in a couple of weeks, and target would be at 1.6500-1.6600 area. Key support is at 1.5781, only break below this...
EURUSD is forming a cycle bottom at 1.3837 on daily chart. Further rise would likely be seen in a couple of weeks, and the target would be at 1.4700-1.4750 area. Key support is now at 1.3837, only...
07/15/2011 18:50 UTC CHF swings higher as it strengthens against the USD, JPY, AUD, EUR and GBP. Recent mid-term strength indicator reading for CHF is 8 out of 8, thus suggesting that the current swing may be...
With a moderately heavy US news day expected Friday, dollar traders should be anticipating some exciting currency movements brought about by heightened liquidity. Beginning at 13:30 GMT, the US will be releasing its nominal and core CPI...
The AUD/USD pair fell today, and the 1.08 level has held as resistance. Although this is bearish action, the trend is very clearly up against the Dollar, and we feel that the trend will continue. We like...
EUR/USD fell on Thursday, retesting the 1.4250 minor support area. With the European bank stress tests coming out today, this pair will certainly be very volatile. The fact that the results come out in the middle of...
The GBP/USD fell on Thursday, but just barely. We still think this pair is bearish, and like the idea of selling rallies. However – we have no bearish candles to work with at the moment, so we...
The USD/CAD pair rose on Thursday, but just slightly so. The pullback from the fall over the last couple of days makes sense, and it must also be said that the most recent lows are getting lower...
The USD/CHF pair rose slightly on Wednesday, but the move was much smaller than the fall on Wednesday. The pair is most certainly in a downtrend for ages, and there is no reason to think it will...
