EURUSD The pair continues its bullish movement according to our previous reports, where through the image above, we expect to reach resistance for the main descending channel after its ongoing strong stance for its support. In overall, we...
During the past week, the Euro managed to recover against most of the major currencies. However as this week began, concerns over an economic growth due to the Euro-Zone’s debt crisis have weakened the Euro. Will the...
EUR/USD Open 1.2533 High 1.2651 Low 1.2305 Close 1.2574After partial recovery, the Euro dropped on Friday with a strong downward impulse. Euro/Dollar climbed from 1.2484 to 1.2651 on Friday, and than lost all gains, in line with...
USDCAD’s bounce from 0.9930 extends to as high as 1.0749 level. Further rally is still possible next week and next target would be at 0.0850-1.0900 area. Support is now at 1.0425 followed by the rising trend line...
USDCHF remains in uptrend from 1.0434 and the rise extended to as high as 1.1585 level. Further rally is still possible next week and next target would be at 1.1800 area. Support is at 1.1350, as long...
USDJPY’s fall from 93.62 extends to as low as 88.98 level. As long as 88.14 key support holds, we’d expect uptrend to resume and another rise towards 94.98 is still possible. Resistance is now at 91.00, a...
AUDUSD broke below the trading range between 0.8577 and 0.9404, and reached as low as 0.8071 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is now...
GBPUSD has reached the lower border of the falling price channel on daily chart. Minor consolidation of downtrend from 1.5522 would more likely be seen and range trading between 1.4230 and 1.4800 is expected in a couple...
After breaking below 1.2329 (Oct 28, 2008 low) previous low, EURUSD bounced from 1.2144, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.2144 and 1.3000 would more likely be seen in...
At 1-hour chart of EUR/GBP there was formed an “Evening Star” combination which gives a signal of the downward movement. In addition, this candlestick formed near the resistance level 0.8780-0.8790 where also stood Fibonacci correction level 50.0.
