AUDUSD breaks above 0.7014 key resistance, suggesting that the down trend from 0.9849 (July 15 high) has completed. Further rise towards 0.7500 to reach the next cycle top on daily chart could be seen in next several...
The Federal Reserve cut the main U.S. interest rate target to a range of 0 to .25% (record lows), surprising markets and giving traders the green light to sell the U.S. Dollar across the board. The Fed...
The Organization of the Petroleum Exporting Countries (OPEC) is expected to discuss a significant decrease in Oil production later today. A production cut of 2-2.5 million barrels per day could help raise the price of Crude Oil...
USDCAD drops below 1.2125 support and reach 1.1986 level, suggesting that the pair is back to range treading between 1.1464 and 1.3015. Deeper decline is expected to test 1.1464 level in next several days, and rebound would...
USDCHF drops sharply to as low as 1.1142 level. Deeper decline is still possible to 1.0900-1.1000 area in next several days. Initial resistance is located at 1.1500, as long as this level holds, downtrend will continue. However,...
AUDUSD is testing the key resistance at 0.7014, a break above this level will indicate that the downtrend from 0.9849 (July 15 high) has completed, and then the following up trend will bring price back to 0.7800...
GBPUSD breaks above 1.5534 key resistance, suggesting that the down trend from 2.0158 (July 15 high) has completed, and a cycle bottom has been formed at 1.4466 on daily chart. Further rally could be seen to 1.6500...
Today’s US Dollar Trading • USD fails to gain a foothold, ends lower across the board• Model accounts buying EURO, possibly going long• Volumes continue on the lighter side
GBPUSD is testing 1.5534 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.4466 on daily chart, and signify that the long term down trend from 2.0158 (July 15...
Overnight Asia/Europe • USD starts weaker in Asia, two-way action• Japan Tankan below forecast• Most pairs at technical S/R
