USDCHF traded in a narrow range between 1.0530 and 1.0714 for several days. As long as 1.0714 resistance holds, downtrend is expected to continue and deeper decline to 1.0450-1.0500 area would more likely be seen after consolidation....
USDJPY’s downtrend from 97.78 extended further to as low as 91.94 level. Small consolidation is expected next week, before breaking below 91.73 previous low support. However, deeper decline towards 89.00-90.00 area would more likely be seen after...
AUDUSD broke above 0.8477 resistance, suggesting that the uptrend from 0.6248 has resumed. Further rise is expected next week and next target would be at 0.8600-0.8700 area. Key support is at 0.8155, only fall below this level...
GBPUSD’s downtrend from 1.7042 extended further to as low as 1.6113 level. Deeper decline is still possible next week and target is to test 1.5801 key support, below this level will indicate that the uptrend from 1.3503...
No changed in our view, EURUSD stays in a rising price channel and remains in uptrend from 1.3748. Near term support is at the lower border of the rising price channel, as long as the channel support...
The U.S. Non-Farm Employment Change Data is set to be published at 12:30 GMT, and is expected to be the most important news event when it comes to market volatility. Traders are also advised to follow the...
Euro Dollar The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important...
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 12:30 GMT. The other main releases that are set to dominate forex trading,...
Euro Dollar The Euro dropped from 1.4376 until it reached and tested Fibonacci 61.8% support for the whole move from 1.4045 to 1.4405. The above mentioned Fibonacci support at 1.4183 will be the most important for the...
The greenback firmed on Tuesday as share prices fell, prompting investors to shed perceived riskier currencies. Despite better than expected numbers from the Institute for Supply Management, shares on Wall Street showed only muted enthusiasm to the...
