USDJPY breaks below 95.77 (Mar 17 low) long term key support and reaches as low as 90.92 level. Consolidation is expected next week, and deeper decline could be seen to 87.00 zone after consolidation. Key resistance is...
AUDUSD breaks below 0.6330 previous low and the downtrend from 0.9849 extends further to as low as 0.6056 level. Deeper decline is still possible to 0.5700 zone next week. Initial resistance is at 1.6500, as long as...
GBPUSD remains in down trend and drops sharply to as low as 1.5269 level. Further fall could be seen to 1.4500 level in a couple of weeks. Initial resistance is at 1.6150 and followed by 1.6350, and...
EURUSD remains in down trend and the fall from 1.4867 extends to as low as 1.2496 level. Deeper decline is still possible to 1.2000 zone in a couple of weeks. Near term resistance is at 1.2850 and...
Today’s US Dollar Trading • Traders note volumes and conditions at almost zero• Stops drive a lot of the majors lower• USD/JPY into the 97.00 area Overnight Preview • Look for consolidation and a quiet night • USD...
Today’s US Dollar Trading • GBP drops to 2008 lows; EURO makes new 2008 lows• Technicians suggest over-sold conditions brewing Overnight Preview • Look for majors to hold ranges• Light economic news Looking Ahead to Wednesday All times...
USDCAD breaks above 1.2123 previous high resistance and reaches as high as 1.2207 level. Further rise is still possible to 1.2400 zone. However, the rise from 1.1304 is treated as a part of consolidation started from 1.2123,...
USDJPY is forming a sideways consolidation in a range between 97.91 and 103.06. A cycle top has been formed at 103.06 level on daily chart and deeper decline to retest 95.77 (Mar 17 low) is now in...
GBPUSD breaks below 1.6786 support and down trend resumes. Deeper decline could be seen to 1.6000 zone in next several days. Initial resistance is located at 1.7630, as long as this level holds, we’d expect down trend...
EURUSD breaks below 1.3258 support and the down trend from 1.6038 extends further to as low as 1.3001 level. Deeper decline towards 1.2500 zone to reach next cycle bottom on daily chart is still possible in next...
