GBPUSD breaks above 1.5534 resistance as reaches 1.5722 only. Consolidation in a range between 1.4466 and 1.5722 would more likely be seen in a couple of weeks. Initial support is located at 1.4466, a break below this...
EURUSD fails to test the resistance at 1.4867 (Sep 22 high) and pulls back from 1.4719 level, suggesting that a cycle top has been formed on daily chart. Consolidation in a range between 1.3500 and 1.4500 is...
Oil prices rallied in reaction to the record production cuts announced by OPEC, while the Dollar continued to give back the gains it made during the first 3 months of the financial crisis. In turn, the weak...
USDCHF dropped sharply in last two trading days, suggesting that the long term up trend from 0.9634 (Mar 17 low) has completed. Deeper decline is still possible to 1.0500 to reach the next cycle bottom on daily...
AUDUSD breaks above 0.7014 key resistance, suggesting that the down trend from 0.9849 (July 15 high) has completed. Further rise towards 0.7500 to reach the next cycle top on daily chart could be seen in next several...
The Organization of the Petroleum Exporting Countries (OPEC) is expected to discuss a significant decrease in Oil production later today. A production cut of 2-2.5 million barrels per day could help raise the price of Crude Oil...
USDCAD drops below 1.2125 support and reach 1.1986 level, suggesting that the pair is back to range treading between 1.1464 and 1.3015. Deeper decline is expected to test 1.1464 level in next several days, and rebound would...
USDCHF drops sharply to as low as 1.1142 level. Deeper decline is still possible to 1.0900-1.1000 area in next several days. Initial resistance is located at 1.1500, as long as this level holds, downtrend will continue. However,...
AUDUSD is testing the key resistance at 0.7014, a break above this level will indicate that the downtrend from 0.9849 (July 15 high) has completed, and then the following up trend will bring price back to 0.7800...
GBPUSD breaks above 1.5534 key resistance, suggesting that the down trend from 2.0158 (July 15 high) has completed, and a cycle bottom has been formed at 1.4466 on daily chart. Further rally could be seen to 1.6500...
