EURUSD formed a cycle top at 1.3738 level on daily chart. Deeper decline is still possible to 1.2950 zone next week. However, the price action from 1.3738 is more likely correction of the uptrend from 1.2456, one...
The greenback continues its correction as better unemployment numbers and rising import prices helped to strengthen the Dollar yesterday. Liquidity may be thin during today’s trading due many European firms closed for holiday. However, this may only...
The U.S. and Japanese currencies are likely to keep drawing demand as investors stay away from higher-yielding currencies such as the AUD, analysts said. The Yen rallied against Sterling and the Australian and New Zealand dollars, which...
The European single currency came crashing on Tuesday after data showed the Euro-Zone economy recorded its deepest ever quarterly fall in the 4-quarter of 2008. As a result, the currency market moved back to the U.S currency...
Today’s US Dollar Trading • USD reverses off lows to make highs in New York• Majors respect existing S/R, stops in range drive most action• Volumes lighter with most action ahead of the London fix
Week Summary EURUSD has moved up into a new range within its 4 hourly chart between 1.2695 – 1.3671. It has tested support level at its 50% fib (1.3183). The 4 hourly trend is up, so we...
Last week’s release of negative employment data from the United States has many forex traders running from the USD. With a rally taking place among Euro-Zone currencies, as well as the price of Crude Oil, there appears...
USDCAD’s downtrend remains and the fall from 1.2714 could possibly be resumption of the downtrend. Deeper decline is still possible next week and the next target would be at 1.1900-1.2000 area. Near term resistance is located at...
USDCHF remains in downtrend from 1.1963, the rise from 1.1159 is more likely consolidation of the downtrend. The pullback from 1.1548 could possibly be resumption of the downtrend. Deeper decline is expected to test 1.1159 support, a...
USDJPY breaks above 99.67 previous high and the uptrend from 87.12 has resumed. Further rise could be seen to 105.00 zone in a couple of weeks. Near term support is at the rising trend line from 87.12...
