EUR-USD With thin trading yesterday behind us, the lows of the range established during that time have been tested and exceeded on the downside. Price has since moved back up into the trading range between 1.4050 and...
Traders witnessed one of the first vital pieces of information from the Euro-Zone which actually put a dent in the plans of the EUR. The German Ifo Business Climate report failed to meet expectations and slightly lowered...
The EUR/USD has seen selling in the early Tokyo session although the uptrend remains very much intact.
Many forex traders witnessing the strong bearish trends across the USD pairs and crosses have been wondering when it will come to an end. As last week’s U.S. housing market data and unemployment figures proved worse than...
USDCAD remains in downtrend from 1.3063. More quick moves towards 1.0700 is expected in a couple of weeks. Initial resistance remains at the falling trend line from 1.2504 to 1.1813. As long as the trend line resistance...
USDCHF remains in downtrend from 1.1740. As long as the falling trend line on daily chart resistance holds, we’d expect the downtrend to continue and deeper decline is possible to 1.0500 level in a couple of weeks....
USDJPY’s downtrend from 101.43 extends further to as low as 93.85 level. Deeper decline to test 93.53 long term key support is expected next week. A break down below this level will indicate that a cycle top...
AUDUSD stays above the rising trend line on daily chart and remains in uptrend from 0.6284. However, the price action from 0.7709 is more likely consolidation of the uptrend. Pullback to test 0.7449 support would more likely...
GBPUSD remains in uptrend from 1.4397. Further rally is still in favor next week and target is at 1.6300-1.6500 area. Near term support is at 1.5500, as long as this level holds, we’d expect the uptrend to...
EURUSD remains in uptrend from 1.2884. Further rally is expected to 1.4150-1.4200 area next week. Initial support is at 1.3800, and followed by the rising trend line on daily chart now at 1.3590. As long as the...
