The EUR/USD pair fell hard during the Monday session, crashing into the 1.35 level. This level was the neckline of a massive inverted head and shoulders, so we do believe that quite a bit of support should...
The AUD/USD pair initially dipped during the session on Monday, but found support at the 1.04 level yet again in order to form a little bit of a hammer.
Market Commentary The Dollar Index (DX) again finds resistance at 79.00 ranges since April, 2010, resulting in sell off in benchmark equity index of Dow Industrials (DJIA). Next leg of weakness in the USD is expected only...
The US dollar fell to a fresh 14-month low against the euro on Friday, following a disappointing Non-Farm Payrolls figure which reaffirmed speculations that the Fed will leave in place record low interest rates for the foreseeable...
Market Commentary The US Dollar is trading mixed wherein it continued depreciating against the Euro and the Swiss France, where as it appreciated against the British Pound after depreciating for couple of days and continued depreciating against...
Despite soft economic data, expectations that the Reserve Bank of Australia will keep interest rates unchanged in its first policy meeting this year are deemed to lift the Australian dollar today.
USDCAD breaks below 0.9960 support, suggesting that a cycle top has been formed at 1.0100 on daily chart. Further decline could be expected, and next target would be at 0.9850 area.
USDCHF breaks below 0.9083 previous low support, suggesting that the downtrend from 0.9971 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area.
USDJPY stays above a upward trend line of daily chart, and remains in uptrend from 77.14, and the rise extends to as high as 92.95. Further rise is still possible after a minor consolidation, and next target...
AUDUSD breaks below the support of the upward trend line on daily chart, suggesting that the uptrend from 1.0149 had completed at 1.0597 already. Further decline would likely be seen over the next several days, and next...
