EURO/USD is expected to swing and rise for the day; EURO has made the higher level consolidation and made the drop as expected from 1.3721 to 1.3556 area yesterday.Today the trading range during Japanese session is 1.3526-1.3600....
Growing optimism about the easing of the financial crisis is leading trading. Pay attention today to the releases of the Core Retail Sales and Crude Oil inventories to see if the trend continues. Positive news from the...
EURO /USD to make volatile moves for mid week. EURO/USD made the firming up moves towards close of US session yesterday as expected. Today EURO opened nominally up during start of Japanese session setting the high as...
USDJPY breaks below the support of the rising trend line from 93.53 to 95.62. Deeper decline to test 95.62 level is possible later today, a break below this level will signal deeper decline to test 93.50 key...
EURO/USD – Volatile moves expected to lead to further rise. EURO/USD made the expected correction yesterday. Today it has formed the high (1.3616) and low (1.3564) during early Japanese session. It is expected to make volatile moves...
EURO/USD is expected to swing and slide for a day. EURO after making upward rise for week end as expected by us is going to slide today as week beginning false drop before further rise from mid...
Last week may have signaled a change in the Dollar’s value against the major currencies. If you remember, the EUR/USD was traded almost at the 1.6000 level before the financial crisis outburst, and once it did, the...
USDCAD remains in downtrend from 1.3063 and the fall extends to as low as 1.1490 level. The pair is now testing 1.1464 (Nov 5, 2008 low) long term key support, a break below this level will indicate...
USDCHF broke below 1.1159 previous low support. Deeper decline is in favor next week and the next target would be at 1.0600-1.0800 area. Initial resistance is at the falling trend line on daily chart, as long as...
USDJPY traded in a narrow range between 97.90 and 99.70 for several days. The price action in the trading range is treated as consolidation of the uptrend from 95.62. Further rally to test 101.43 resistance is still...
