After consistently dropping last week, the Dollar’s downtrend appears to be halted. The Dollar is currently rising against the Euro, and considering Crude Oil’s surprising drop, it seems that the Dollar has the potential to rise further....
EUR/USD Open 1.4370 High 1.4507 Low 1.4335 Close 1.4353Euro/Dollar dropped on Friday after a report from China showed a tightening of credit in the housing sector and the withdrawal of foreign investment earlier last week, causing demand...
USDCAD is testing 1.0206 previous low support. Break below this level would more likely be seen next week and next target would be at 1.0000 area. Resistance is at 1.0420, as long as this level holds, downtrend...
USDCHF might be forming a cycle bottom at 1.0132 level on daily chart. Key resistance is located at 1.0420, a break above this level will confirm the cycle bottom, then another rise towards 1.0600-1.0700 could be seen....
USDJPY broke below 91.25 support. Deeper decline to 89.00-90.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at 92.20, a break above this level will indicate that a cycle...
AUDUSD’s bounce from 0.8734 extended to as high as 0.9327 level. Further rally to test 0.9404 resistance is still possible next week. However, pullback would more likely be seen before breaking above this level. Support level is...
GBPUSD broke above the falling price channel on daily chart, suggesting that a cycle bottom has been formed at 1.5829 on daily chart. Now the pair is back to range trading between 1.5708 and 1.7042. Bounce to...
EURUSD might be forming a cycle top at 1.4579 level on daily chart. Fall to test 1.4218 support is expected next week, a breakdown below this level will confirm the cycle top and indicate that the downtrend...
USD/JPY Open 91.27 High 92.03 Low 90.64 Close 91.21Dollar/Yen ascended on Thursday up to the 92.03 top, from where it started dropping down to 90.85, closing the day at 91.21. Today’s bottom at 90.64 appears to be...
GBP/USD Open 1.6332 High 1.6355 Low 1.6252 Close 1.6333Pound/Dollar retreated on Thursday after the news from China showed a housing loans conditions tightening, than recovered from the 1.6252 bottom to 1.6343, closing the day ay 1.6333. Holding...
