Many traders are looking towards Wall Street's reported earnings before placing their forex trades. The Street has been influencing currency moves and with the announcement of some of the world's largest financial firm's first quarter results this...
Liquidity was tight during yesterday's trading as holidays in Western Europe and the States reduced the number of market participants. This helped to exaggerate movements in the currency market. This type of trading yesterday helped the EUR...
AUDUSD breaks above 0.7267 resistance. Further rise is still possible and the next target would be at 0.7800-0.8000 area. Initial support is at 0.7032, as long as this level holds, we’d expect the uptrend from 0.6284 to...
EURUSD might be forming a cycle bottom at 1.3089 on daily chart. Key resistance is located at 1.3582, a break above this level will confirm the cycle bottom, and then further rally could be seen to 1.4350-1.4400...
The movements we saw during Friday’s trading session may be have been exaggerated on Friday and may be reversed. Today many trading desks will be vacant during the European trading hours. Traders should be aware of the...
USDCAD is testing the support of 1.2191. As long as the pair stays above this level, we’d expect range trading between 1.2191 and 1.2714 to continue. However, a break down below 1.2191 level will signal deeper decline...
USDCHF breaks above 1.1548 key resistance, suggesting that a cycle bottom has been formed at 1.1159 level on daily chart. Consolidation in a range between 1.1159 and 1.1780 is expected in a couple of weeks.
USDJPY remains in uptrend from 93.53. Further rally could be seen to 105.00 zone in a couple of weeks. Near term support is at 98.50, as long as this level holds, the uptrend from 93.53 will continue....
Being contained by the previous high resistance at 0.7267, AUDUSD formed a sideways consolidation in a narrow range between 0.7032 and 0.7227. Further rise is still in favor after consolidation, and the next target is at 0.7500...
GBPUSD remains in uptrend from 1.3654. Further rise is still possible to 1.5300-1.5400 area after consolidation. Initial support is at the rising trend line from 1.3654 to 1.4110, as long as the trend line support holds, the...
