After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips...
EUR/USD Open 1.3512 High 1.3626 Low 1.3502 Close 1.3524The swelling budget deficit in Europe and the lack of economic data on Friday pushed the Euro lower, in line with the the Interbank sentiment projection at nearly -17%....
Market Review – 20/03/2010 01:03GMT Dollar and yen rally on broad-based risk aversion The dollar and Japanese yen rose against most major currencies on Friday as rift between EU and Greece over the Greek aid and a...
USDCAD remains in downtrend from 1.0779 and the fall extends further to as low as 1.0061 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.9900-1.0000 area. Resistance is at...
Being contained by the rising trend line from 0.9917 to 1.0132, USDCHF bounced from 1.0506, suggesting that a cycle bottom is being formed on daily chart. Another rise towards 1.1000 would more likely be seen in a...
USDJPY traded in a narrow range between 89.63 and 91.08 for several days. Now the price action in the trading range is more likely consolidation of uptrend from 84.82. As long as 89.63 support holds, another rise...
AUDUSD remains in uptrend from 0.8577. Further rally is still possible next week and next target would be at 0.9300 area. Initial support is at 0.9095, as long as this level holds, uptrend could be expected to...
GBPUSD broke above the falling trend line, suggesting that a cycle bottom has been formed at 1.4784 level on daily chart. However, another cycle top is nearing, a break below 1.4784 previous low will indicate that a...
EURUSD is forming a cycle top at 1.3817 level on daily chart. Key support is located at 1.3435, a break below this level will confirm the cycle top and indicate that the long term downtrend from 1.5144...
Having decreased yesterday by 1,5 figure, the EUR/USD pair has a good chance to shape a correctional figure in the form of a wedge.
