The euro zone continues to face debt concerns resulting in mass buy-ins for USD safe-haven positions against its European counterparts. The EUR/USD was down from a weekly high of 1.3790 to close Friday at 1.3241. The combination...
Market Review – 26/11/2010 20:59 GMT Euro falls to 2-month low on continued eurozone debt contagion fears and tension in the Korean peninsular The single currency remained under pressure throughout the day against the dollar Friday as...
USD/CAD: For the last three weeks, the pair is moving sideways between the resistance 1.0246 and the support 1.0075.NZD/USD: Following the breakdown of the support on 0.7975, the pair began to decrease, several weeks ago. Actually, the...
On Tuesday we experienced two highly important data releases that came from States. Namely, annualized Gross Domestic Product in the third quarter and also annualized Existing Home Sales.
USDCAD traded in a range between 0.9977 and 1.0378. Another rise towards 1.0378 key resistance would more likely be seen next week, a break above this level will bring price further to 1.0600 or even higher. Support...
USDCHF’s bounce from 0.9463 extended to as high as 1.0053 level. Further rally is still possible next week and next target would be at 1.0200-1.0300 area. Support is at 0.9850, only break below this level could bring...
Being contained by 79.75 (1995 low) support, USDJPY rebounded from 80.30, and the bounce has extended to as high as 84.18, suggesting that the downward movement from 94.98 has completed. Further rally is expected and next target...
AUDUSD broke below 0.9651 key support, suggesting that the uptrend from 0.8066 has completed at 1.0182 level already. Deeper decline is now in favor and next target would be at 0.9300-0.9400 area. Resistance is at 0.9800, as...
GBPUSD broke below 1.5649 key support, suggesting that the uptrend from 1.4230 has completed at 1.6298 already. Deeper decline towards 1.5296 support could be seen next week. Resistance is at 1.5850, as long as this level holds,...
EURUSD broke below the rising price channel on daily chart, signaling a change in trend. Bearish movement is expected to continue next week and next target would be at 1.3000 area. Resistance is at the downtrend line...
