GBPUSD consolidated in a narrow range between 1.4557 and 1.5249 for several days. Further fall is still in favor after consolidation, a break below 1.4557 will signal resumption of down trend. Initial resistance is located at 1.5270...
EURUSD remains in range trading between 1.2329 and 1.3290. Further fall is expected to 1.2000 zone next week, and a break below 1.2329 previous low will confirm the resumption of down trend. Long term key resistance is...
Today’s US Dollar Trading • USD starts weaker, stops drive majors higher• Upside resistance holds and the majors drop hard• Volumes high on the move
Today’s US Dollar Trading • Two-way action due to equities• Traders note USD feels neutral• EURO makes lows late
Lately the dollar is gaining a bullish momentum overseas as investors are buying more of the safest U.S. assets as the global economy enters a recession. Overseas investors bought a net $27.2 billion of U.S. assets in...
Today’s US Dollar Trading • USD falls after early strength, stops drive trade• Equities rally lifts EURO• Volumes remain light
Overnight Asia/Europe • G-20 fails to inspire the USD bulls• Majors initially weaker then reverse into New York• Japan data benign
Support and resistance are respective price levels at which prices stop going down or up. Support levels indicate the price at which most traders believe that prices will move higher. Resistance levels indicate the place where the...
USDCAD’s rebound extends to as high as 1.2445 level. Further rally is still possible to 1.2800 zone. However, pullback would more likely be seen before breaking above 1.3015 previous high. Initial support is now at 1.2095, a...
USDCHF remains in up trend and the rise from 1.0010 (July 15 low) extends to as high as 1.2000 level. Further rise is expected to 1.2400 zone. Initial support is at 1.1650 and followed by the up...
