EURUSD traded in range between 1.4571 and 1.4908 for several days. Key resistance is located at 1.4908, as long as price stays below this level, we’d expect down trend to resume, and further fall is still possible...
The USD is On Its Way Down Ahead of the GDP Figures. The greenback saw mixed results versus its rival counterparts during yesterday’s trading session. The USD initially retreated from recent highs against a basket of rival...
Today’s US Dollar Trading• USD fails to extend overnight strength• Volumes better• Stops close-in result in two-way action Overnight Preview• Look for more two-way action• USD is getting “tired” I think Looking Ahead to Wednesday All times EASTERN (-4 GMT)• 8:30am USD Core...
USDCAD formed a cycle top at 1.0727 on daily chart. Pullback to 1.0260 1.0350 area to reach next cycle bottom is expected. Key resistance is at 1.0727, rise above this level could signal resumption of up...
USDCHF’s up trend remains. As long as 1.0842 support holds, we’d expect up trend to continue and further rise towards 1.1200 is still possible in a couple of days. However, a break below 1.0842 key support will...
USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart would more likely be seen before breaking above 110.66 level. However, a...
AUDUSD’s down trend resumed and the fall from 0.9849 extended further to as low as 0.8493 level. Deeper decline is still possible to 0.8400 level in a couple of days. Key resistance is now located at 0.8812,...
GBPUSD’s down trend remains and the fall from 2.0158 extended further to as low as 1.8330 yesterday. Deeper decline is expected to 1.8000 level in next few days. Key resistance is located at 1.8794, a break above...
EURUSD’s down trend extended further to as low as 1.4571 yesterday. Deeper decline to test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low) is still in...
With New Home Sales on Tap Will EUR/USD Test 1.4550? Intra-day gains in the dollar on a better-than-expected U.S. Existing Home Sales report tended to be short lived even though stabilization in the U.S. housing market is...
