AUDUSD is facing 1.0255 resistance, a break above this level will indicate that the uptrend from 0.8066 has resumed, then further rise could be seen to 1.0400 area. Support is at 1.0050, below this level will suggest...
GBPUSD stays in a rising price channel on daily chart and remains in uptrend from 1.5344. As long as the channel support holds, uptrend could be expected to continue and next target would be at 1.6500 area....
EURUSD may be forming a cycle top at 1.3861 level on daily chart. Pullback to 1.3100-1.3200 area would likely be seen in a couple of weeks. However, the fall from 1.3861 is treated as correction of uptrend...
On a 4-hour graph the EUR/JPY currency pair is probably forming a Falling Three Methods candlestick combination. As is known, this model is a signal for further downside movement.
The pound reaches new weekly maximums. Asian and European trading sessions:
The euro came off its recent highs following dovish ECB comments and strong employment data from the US. If yesterday’s economic data is any hint of today’s payroll numbers, the dollar rally may prove to have legs.
Dollar strengthened against almost every pair on the back of positive US numbers released yesterday coupled with ECB President’s intention of not boosting interest rates in near future. ECB Monetary announcement dented the up rally of Euro,...
Greetings. It’s already our 2nd NFP for 2011 and time is just flying by. As always, here are the numbers for the Non-Farm Payroll announcements for the GBP/USD.
Support levels: 0.9820, 0.9711, 0.9650Resistance levels: 1.0057, 1.0050, 1.0212
Sterling demonstrates strong growth. Asian and European trading sessions:
