EURUSD formed a cycle bottom at 1.5302 on daily chart. Consolidation could be seen in a range between 1.5302 and 1.5843. A break below 1.5302 level will indicate that consolidation has completed, and pullback to 1.5000 area...
Today’s US Dollar Trading• USD holds gains but flows light• S/R holds as expected• Speculation that the Fed will not move rates capping the USD Overnight Preview• Consolidation likely• Two-way action with a downside bias Looking Ahead...
Overnight Asia/Europe• USD firms a bit• Technical trade and stops drive GBP and EURO• Volumes moderate Today’s Economic ReportsAll times EASTERN (-5 GMT)• None for the dayExpect technical trade for the most part Looking AheadAll times EASTERN...
The USD saw a significant swing in momentum last week as it saw losses versus most of its currency rivals. The dollar was affected in large part due to the rekindling of economic worries in the US...
USDCAD broke below 1.0150 support and formed a cycle top at 1.0322 level on daily chart. Sideways consolidation would more likely be seen before breaking above 1.0322. However, a break above 1.0322 level will indicate that long...
USDCHF might be forming a cycle top at 1.0539 on daily chart. Pullback to test the support of the up trend line from 0.9634 to 1.0147 is expected. Key support is at 1.0147, a break below this...
USDJPY might be forming a cycle top at 108.58 on daily chart. Pullback to retest the support of the price channel is expected in next few days. Initial resistance is at 108.58, only break of this level...
AUDUSD formed a cycle bottom at 0.9327 on daily chart. Further rise above 0.9653 previous high resistance is now in favor. Key support is now at 0.9327, only break down below this level will indicate lengthier consolidation...
GBPUSD is testing 1.9800 resistance, a break of this level will signal resumption of up trend, and then further rise to 2.0300 area to reach next cycle top could be seen in a couple of weeks. However...
EURUSD is forming a cycle bottom at 1.5302 on daily chart. However the rise from 1.5302 is treated as consolidation to down trend. Deeper decline is still possible after consolidation. A break below 1.5302 level will indicate...
