USDCAD’s rise from 1.0206 extended to as high as 1.0846. Further rise towards 1.1124 resistance is still possible next week. However, the rise from 1.0206 is more likely correction of long term downtrend, and another fall is...
After touching the lower border of the falling price channel on daily chart, USDCHF rebounded from 1.0032, suggesting a cycle bottom is being formed, further rise towards 1.0452 key resistance is expected, a break above this level...
USDJPY’s uptrend from 88.01 is limited by 92.53 key resistance. However, the fall from 92.32 is more likely consolidation of uptrend, another rise is still in favor, and a break above 92.32 level will signal further rally...
After touching the upper border of the rising price channel on daily chart, AUDUSD pulled back from 0.9326, suggesting that a cycle top has been formed. Range trading between 0.8567 and 0.9326 is expected. Key support is...
GBPUSD might be forming a cycle top at 1.6692 level on daily chart, key support is now located at 1.6251, a breakdown below this level will confirm the cycle top, then another fall could be seen to...
Being contained by the upper border of the rising price channel on daily chart, EURUSD pulled back from 1.5062, suggesting that a cycle top is being formed. Further fall towards the bottom of the price channel is...
USD/JPY Open 91.50 High 91.60 Low 90.25 Close 91.48 On Thursday Dollar/Yen continued reached a bottom at 90.25, from where corrected sharply upwards to the 91.60 top, closing the day at 91.48. After failing to break above...
GBP/USD Open 1.6560 High 1.6596 Low 1.6338 Close 1.6556 On Thursday Pound/Dollar traded with volatility. The Cable made a strong upward correctional climb from the 1.6339 bottom up to the 1.6596 top, closing the day at 1.6556....
The Dollar is set to be at the forefront of forex trading today. This is after The USD fell against its major counterparts on Thursday, after a string of gains in recent trading sessions. Yesterday’s behavior was...
EUR/USD Open 1.4837 High 1.4857 Low 1.4690 Close 1.4835 On Thursday Euro/Dollar made a significant ascending movement, breaking up the important resistance 1.4815 level, reached a top at 1.4857, and closed the day at 1.4835. This may...
