In forex trading, the USD is set to have a relatively quiet news week. This lack of major news indicates that the other major currencies, such as the GBP, CHF, JPY, and EUR, may be the market...
USDCAD fails to test the previous high resistance at 1.3015, and pulls back from 1.3005 level. Further fall would more likely be seen to 1.2300 zone next week. However, a break above 1.3015 will signal further rally...
USDCHF is forming a sideways consolidation in a range between 1.1828 and 1.2296 on daily chart. Further rise is still in favor, the target would be at 1.2500 zone, and a break above 1.2296 previous high resistance...
USDJPY is testing 90.92 previous low support. Rebound would more likely be seen before breaking below this level. Initial resistance is at 95.00 and key resistance is located at 97.43 level. A break above the key resistance...
AUDUSD stays in the trading range between 0.6008 and 0.7014. Further rebound is still possible to test 0.7014 resistance in next several days. A break above this level will indicate that the down trend from 0.9849 (July...
As expected, GBPUSD breaks below 1.4557 support and reaches as low as 1.4466 level. Further fall could be seen to 1.4000 zone in next several days. Key resistance is now located at 1.5534 level. Only rise above...
No changed in our view, EURUSD is forming a triangle pattern on daily chart, and the price action from 1.2329 is treated as consolidation of the long term down trend. Deeper decline is expected to 1.2000 zone...
GBPUSD is forming a cycle top at 1.5534 on daily chart. Key support is located at 1.4557, a break down below this level will confirm the cycle top, and then deeper decline could be seen to 1.4000...
With one of the highest interest rates around the globe, New Zealand is set to slash its rates by a massive 150 basis points later this evening. With the international credit crunch and economic crisis, countries are...
The USD has advanced against the EUR and GBP on speculation that the European Central Bank (ECB) and Bank of England (BoE) will reduce borrowing costs this week in response to the expanding recession in the Euro-Zone....
