Renewed efforts by US lawmakers to reach a budget deal before a set of automatic tax increases and spending cuts, known as the “fiscal cliff”, go into effect at the beginning of the year, helped higher-yielding currencies...
No changed in our view, USDCAD remains in downtrend from 1.0055, the rise from 0.9824 would possibly be correction of the downtrend. Key resistance is at 1.0055, as long as this level holds, the downtrend could be...
USDCHF stays within a downward price channel on daily chart, and remains in downtrend from 0.9511. Another fall could be expected after consolidation, and next target would be at 0.8900 area.
USDJPY’s upward movement from 77.14 extends to as high as 86.63. Further rise could be expected after consolidation, and next target would be at 88.00 area. Support is at 85.50 followed by 84.50, as long as these...
AUDUSD is now in downtrend from 1.0585. Further decline would likely be seen next week, and next target would be at 1.0200 area. Key resistance is at 1.0585, only break above this level could signal resumption of...
GBPUSD breaks below 1.6100 support, suggesting that a cycle top has been formed at 1.6306 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Key resistance is...
EURUSD stays within an upward price channel on daily chart, and remains in uptrend from 1.2661, the fall from 1.3308 is likely consolidation of the uptrend. Support is at the lower line of the channel, as long...
The USD/JPY pair fell during the Friday session as the rally finally took a break. The gap from earlier in the week still has not been close, and this could be the beginning of that attempt. However,...
The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle.
The GBP/USD pair rose during the session after initially falling on Friday in order to show the 1.61 level as being supportive. We believe that the market is essentially a bull market, and as such we are...
