EURUSD is testing the previous high resistance at 1.5902, as long as this resistance holds, the rebound from 1.5342 is treated as correction to the down trend. However, a break of 1.5902 level will signal the resumption...
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Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing...
Today’s US Dollar Trading • US data positive but USD falls• EURO rallies past resistance and is again “euphoric”• Sentiment returning to the bearish side traders say Overnight Preview • Look for the USD is firm in Asia...
The Greenback continued its bearish trend once again yesterday amidst surprisingly poor economic data. Selling of the dollar could have been forecasted, but was still expected to come much later on this week, if at all. Instead,...
Today’s US Dollar Trading • USD falls but holds important S/R• US data worse-than-expected but volumes still light• Traders note that stops were the rule today Overnight Preview • Look for reasonable USD follow-through selling • Book-squaring again...
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 0.9874, a break of this level will signal...
No changed in our view, USDCHF formed a cycle bottom at 0.9634 level on daily chart. Further rise to test 1.0352 resistance is still possible in the next several days. Key support is at 0.9634, only break...
No changed in our view, USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to test 103.59 resistance is still possible in the next several days. Key support is at 95.77, only break...
AUDUSD is in down trend. Rebound from 0.8953 is treated as correction to the down trend. Deeper decline to retest 0.8512 previous low support is still possible after correction and a break of 0.8953 level will confirm...
