GBP/USD Open 1.5598 High 1.5777 Low 1.5534 Close 1.5657Pound/Dollar continued descending on Friday from 1.5777 to 1.5570, closing the week at 1.5657. On the 1 hour chart we have a very well shaped downward channel. Be aware...
The dollar climbed to an eight month high versus the EUR on Friday after the release of the U.S. jobs report. Credit concerns in Europe are weighing on the market as traders have moved out of riskier...
EUR/USD Open 1.3645 High 1.3746 Low 1.3585 Close 1.3674After the significant correction at the beginning of last week, Euro/Dollar continued declining from 3 February, as seen on the 15 minute chart. The descending extended on Friday, closing...
USDCAD traded in a range between 1.0206 and 1.0852. The price action in the trading range is more likely a double bottom pattern on daily chart. Rise to test 1.0852 key resistance is expected next week, a...
USDCHF remains in uptrend from 1.0132 and the rise extends to as high as 1.0794 level. Further rally is still possible next week and target would be at 1.0850-1.0900 area. Support level is now at 1.0600, as...
USDJPY stays in a falling price channel and remains in downward movement from 93.75. Another fall is still possible next week and target would be at 88.00 area. Resistance is now at the upper border of the...
AUDUSD breaks below 0.8734 support and reaches as low as 0.8577 level. Deeper decline is still possible next week and target would be at 0.8500 area. However, next cycle bottom on daily chart is nearing and bounce...
GBPUSD breaks below 1.5708 key support and the fall from 1.6456 extends to as low as 1.5558 level, suggesting another decline is underway. Target for next week would be at 1.5200-1.5300 area. Near term resistance is at...
EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the...
EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the...
