USD Index chart USDX situation remained actually unchanged in comparison with previous week’s one. It consolidated in a price range between 80.31 and 80.82, forming rectangular price pattern. As rectangular is a trend continuation pattern we are...
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCHF’s fall from 1.0066 extended to as low as 0.9497. Key resistance is now at 0.9733, as long as this level holds, downtrend could be expected to continue and one more fall towards 0.9463 previous low is...
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 81.00-82.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at...
AUDUSD’s upward move from 0.9537 extended to as high as 1.0064 level. Further rise towards 1.0182 previous high is still possible next week. Support is at 0.9900, as long as this level holds, uptrend could be expected...
GBPUSD’s downward move from 1.5910 extended to as low as 1.5356 level. Deeper decline to test 1.5296 key support is expected next week, a breakdown below this level will confirm that the long term uptrend from 1.4230...
EURUSD has formed a cycle top at 1.3497 level on daily chart. Deeper decline is expected next week and next target would be at 1.2800 area. Initial resistance is at 1.3200 followed by 1.3350, only break above...
On a 4-hour graph the GBP/USD has bounced off of 1.5355. Nevertheless, the viewpoint on this pair is still bearish as the downtrend still remains. Earlier the pair dropped sharply after it failed to break out the...
Crude futures hit a two-year high Thursday, reaching above $91 a barrel as several economic data releases from the U.S offered a brighter economic outlook for the world’s largest oil consumer.
