The JPY today is seeing extreme volatility in today’s trading. Potential Japanese government intervention in the Forex market may be influencing the sharp price movements. Traders are advised to can take advantage today of the vast market...
The USD may in fact lose its direction this week from the opposing forces affecting it. The EUR may see a reversal emerge from world data worse than its own, and the Japanese economic slowdown is cutting...
USDCAD’s up trend from 1.0297 extends sharply to as high as 1.2839 level. Further rise is expected in a couple of weeks and near term target would be at 1.3500 zone. Initial support is now at 1.2300,...
USDCHF remains in up trend, and the rise from 1.0693 extends to as high as 1.1746 level. Further rally towards 1.2000 zone is still possible in a couple of weeks. Initial support is at 1.1481, as long...
USDJPY breaks below 95.77 (Mar 17 low) long term key support and reaches as low as 90.92 level. Consolidation is expected next week, and deeper decline could be seen to 87.00 zone after consolidation. Key resistance is...
AUDUSD breaks below 0.6330 previous low and the downtrend from 0.9849 extends further to as low as 0.6056 level. Deeper decline is still possible to 0.5700 zone next week. Initial resistance is at 1.6500, as long as...
GBPUSD remains in down trend and drops sharply to as low as 1.5269 level. Further fall could be seen to 1.4500 level in a couple of weeks. Initial resistance is at 1.6150 and followed by 1.6350, and...
EURUSD remains in down trend and the fall from 1.4867 extends to as low as 1.2496 level. Deeper decline is still possible to 1.2000 zone in a couple of weeks. Near term resistance is at 1.2850 and...
USDCAD breaks above 1.2123 previous high resistance and reaches as high as 1.2207 level. Further rise is still possible to 1.2400 zone. However, the rise from 1.1304 is treated as a part of consolidation started from 1.2123,...
USDJPY is forming a sideways consolidation in a range between 97.91 and 103.06. A cycle top has been formed at 103.06 level on daily chart and deeper decline to retest 95.77 (Mar 17 low) is now in...
