The U.S. economic rescue plan, as well as the Home Sales figures, has created a frenzy in the market recently. Yesterday, the greenback underwent a volatile trading session against most of its currency counterparts. Today, traders should...
USDCAD broke below 1.0410 support. Further pullback is still possible to 1.0200 zone. Initial resistance is at 1.0515, as long as this level holds, we’d expect down trend to continue. However, a break of 1.0515 level will...
USDCHF broke below 1.0842 key support, suggesting that the rise from 1.0010 has completed. Deeper decline is still possible to 1.0500 zone in next few days. Initial resistance is at 1.1000, as long as this level holds,...
No changed in our view, USDJPY formed a cycle bottom at 103.54 on daily chart. Further rise is still possible to 109.00 zone, and sideways consolidation in a range between 103.54 and 110.66 could be seen in...
AUDUSD broke above 0.8405 key resistance, signifying that the down trend from 0.9849 has completed, and the rise from 0.7802 is now treated as resumption of up trend. Further rally towards 0.8800 is expected in next few...
GBPUSD broke above 1.8480 key resistance, suggesting that the down trend from 2.1161 (Nov 9, 2007 high) has completed, and the rise from 1.7445 is now treated as resumption of up trend. Further rise towards 1.9100 zone...
EURUSD broke above 1.4705 key resistance and the rise from 1.3881 is now treated as resumption of up trend. Further rise towards 1.5200 zone to reach the next cycle top on daily chart is possible in the...
Traders will listen to two crucial testimonies to be given by U.S. Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson today. These will represent the initial steps in the deliberation and implementation of their newly proposed...
As expected, USDCAD pulled back to 1.0429 level and is testing 1.0410 support. As long as 1.0410 level holds, we’d expect up trend to resume and rise towards 1.1400 is possible after consolidation. However, a break below...
USDCHF formed a cycle top at 1.1416 on daily chart. Consolidation to up trend could be seen and pullback is expected to 1.0600-700 area. Key resistance is at 1.1416, only rise above this level will signal further...
