USDCHF remains in uptrend from 0.9917 and the pullback from 1.0507 is treated as minor consolidation of uptrend. As long as 1.0300 support holds, we’d expect uptrend to resume and another rally towards 1.0600 is still possible....
USDJPY is moving towards 92.32 key resistance, a breakout of this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already. However, next cycle top on daily chart is nearing, minor consolidation...
AUDUSD is now in downtrend from 0.9404 and the fall extended to as low as 0.8734. further fall is still possible next week and next target would be at 0.8550-0.8600 area. Resistance is at 0.8920, as long...
GBPUSD remains in downtrend from 1.6875 and the fall extended further to as low as 1.5920. Deeper decline towards 1.5708 is still possible next week. Resistance is now at the falling trend line on daily chart now...
EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at 1.4480, as long as this level holds,...
When we start one of our DailyFX Trading Courses, we ask new students to introduce themselves and let us know a little bit about their trading interests.
Forexpros Daily Analysis Dec 24, 2009 A New Real Time Interest Rates and Bonds Section Want to know what is happening now with Bonds around the globe?Stay on top of Interest Rates and Bonds with a new...
GBP The British Pound Sterling fell on Wednesday after the release of the Bank of England’s policy meeting minutes were released. The transcripts showed that all nine members of the Bank’s Monetary Policy Committee voted in favor...
Following a disappointing American New Home Sales Report released yesterday, the U.S. Dollar seems to have reversed course in trading against its major counterparts. Both the Euro and Yen made impressive gains against the greenback, which both...
The Dollar continues to strengthen as global economies show signs of bottoming after surviving the financial crisis that has gripped the markets for the last 2 years. The DXY closed yesterday’s session at 78.25. The NZD yielded...
